Anadigics Stock Falls On Unusually High Volume (ANAD)

NEW YORK ( TheStreet) -- Anadigics Incorporated (Nasdaq: ANAD) is trading at unusually high volume Thursday with 4.3 million shares changing hands. It is currently at four times its average daily volume and trading down 28 cents (-4.5%) at $6.24 as of 12:06 p.m. ET. Anadigics has a market cap of $437.4 million and is part of the technology sector and electronics industry. Shares are down 5.8% year to date as of the close of trading on Wednesday.

ANADIGICS, Inc. provides semiconductor solutions to the broadband wireless and wireline communications markets. Its products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers, and other components.

TheStreet Ratings rates Anadigics as hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Anadigics 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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