OfficeMax Stock Falls On Unusually High Volume (OMX)

NEW YORK ( TheStreet) -- OfficeMax (NYSE: OMX) is trading at unusually high volume Wednesday with six million shares changing hands. It is currently at four times its average daily volume and trading down $1.07 (-6.3%) at $15.99 as of 11:36 a.m. ET. OfficeMax has a market cap of $1.5 billion and is part of the services sector and specialty retail industry. Shares are down 3.6% year to date as of the close of trading on Tuesday.

OfficeMax Incorporated, together with its subsidiaries, distributes business-to-business and retail office products. The company has a P/E ratio of 28, above the average specialty retail industry P/E ratio of 27.6 and above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates OfficeMax as hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, generally poor debt management and poor profit margins. You can view the full OfficeMax Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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