NEW YORK ( TheStreet) -- Sony Corporation (NYSE: SNE) is trading at unusually high volume Monday with 2.9 million shares changing hands. It is currently at four times its average daily volume and trading down $2.60 (-7.8%) at $30.85 as of 12:26 p.m. ET.

Sony has a market cap of $34.4 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 6.3% year to date as of the close of trading on Friday.

Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. The company has a P/E ratio of 9.8, below the average consumer durables industry P/E ratio of 36.3 and below the S&P 500 P/E ratio of 17.2.

TheStreet Ratings rates Sony as hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Sony Ratings Report.

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

Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
null

If you liked this article you might like

Microsoft's New Xbox One X Shows It's Done Trying to Please Everyone

How Facebook Is Trying to Avoid a Public Relations Disaster with Songwriters

These Apple iPhone Supplier Stocks Are Ones You Must Own Now: Goldman Sachs

Apple iPhone X Is Being Stalked By This Chinese 'Killer'

'Killer' Chinese Competition Bites Into Apple iPhone 8 and X