Prestige Rises On Unusually High Volume (PBH)

NEW YORK ( TheStreet) -- Prestige Brands Holdings (NYSE: PBH) is trading at unusually high volume Friday with 1.1 million shares changing hands. It is currently at 5.1 times its average daily volume and trading up 24 cents (+2%) at $11.93 as of 3:52 p.m. ET.

Prestige has a market cap of $580.1 million and is part of the health care sector and drugs industry. Shares are down 2.2% year to date as of the close of trading on Thursday.

Prestige Brands Holdings, Inc., together with its subsidiaries, engages in marketing, selling, and distributing over-the-counter healthcare, household cleaning, and personal care products in the United States, Canada, and internationally. The company has a P/E ratio of 21.4, below the average drugs industry P/E ratio of 22.2 and below the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates Prestige as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally poor debt management. You can view the full Prestige 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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