Denny's Stock Falls On Unusually High Volume (DENN)
Denny's Corporation (Nasdaq:DENN) is trading at unusually high volume Wednesday with 2.6 million shares changing hands. It is currently at 4 times its average daily volume and trading down 19 cents (-4.7%).
NEW YORK ( TheStreet) -- Denny's Corporation (Nasdaq: DENN) is trading at unusually high volume Wednesday with 2.6 million shares changing hands. It is currently at four times its average daily volume and trading down 19 cents (-4.7%) at $3.89 as of 10:01 a.m. ET. Denny's has a market cap of $408.8 million and is part of the services sector and leisure industry. Shares are up 14% year to date as of the close of trading on Tuesday. Denny's Corporation, through its subsidiaries, engages in the ownership and operation of a chain of family-style restaurants primarily in the United States. Its restaurants offer traditional American-style food. The company owns and operates its restaurants under the Denny's brand name. The company has a P/E ratio of 10.8, equal to the average leisure industry P/E ratio and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Denny's as hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full Denny's Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.