Jackson Hewitt Tax Service Stock Falls On Unusually High Volume (JTX)

NEW YORK ( TheStreet) -- Jackson Hewitt Tax Service (NYSE: JTX) is trading at unusually high volume Friday with 5.9 million shares changing hands. It is currently at four times its average daily volume and trading down 43 cents (-24.7%) at $1.31 as of 3:16 p.m. ET. Jackson Hewitt Tax Service has a market cap of $48 million and is part of the services sector and diversified services industry. Shares are down 20% year to date as of the close of trading on Thursday.

Jackson Hewitt Tax Service Inc. engages in the computerized preparation of federal, state, and local individual income tax returns in the United States. It offers tax return preparation services and electronic filing services.

TheStreet Ratings rates Jackson Hewitt Tax Service as sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. You can view the full Jackson Hewitt Tax Service Ratings Report.

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