NEW YORK ( TheStreet) -- China Agritech (Nasdaq: CAGC) is trading at unusually high volume Wednesday with 1.6 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.70 (-18.5%) at $7.51 as of 2:31 p.m. ET. China Agritech has a market cap of $192.5 million and is part of the basic materials sector and chemicals industry. Shares are down 24.9% year to date as of the close of trading on Tuesday. China Agritech, Inc., through its subsidiaries, manufactures and sells organic liquid compound fertilizers, organic granular compound fertilizers, and related agricultural products in the People's Republic of China. The company has a P/E ratio of 57.9, above the average chemicals industry P/E ratio of 35 and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates China Agritech as hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full China Agritech Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.