Gol Intelligent Airlines Stock Falls On Unusually High Volume (GOL)

NEW YORK ( TheStreet) -- Gol Intelligent Airlines (NYSE: GOL) is trading at unusually high volume Tuesday with 4.1 million shares changing hands. It is currently at four times its average daily volume and trading down 71 cents (-5%) at $13.45 as of 2:46 p.m. ET.

Gol Intelligent Airlines has a market cap of $3.8 billion and is part of the services sector and transportation industry. Shares are down 7.9% year to date as of the close of trading on Friday.

Gol Linhas Aereas Inteligentes S.A. operates as a low-cost and low-fare airline in Latin America. The company offers approximately 860 daily flights to 60 destinations that connect the various important cities in Brazil and South America. The company has a P/E ratio of 6.3, below the average transportation industry P/E ratio of 12.3 and below the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Gol Intelligent Airlines as hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins. You can view the full Gol Intelligent Airlines 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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