NEW YORK ( TheStreet) -- Wet Seal (Nasdaq: WTSLA) is trading at unusually high volume Monday with 5.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 19 cents (+5.6%) at $3.60 as of 3:57 p.m. ET. Wet Seal has a market cap of $363.4 million and is part of the services sector and retail industry. Shares are down 7.8% year to date as of the close of trading on Friday. The Wet Seal, Inc., a specialty retailer, operates stores that sell fashionable and contemporary apparel and accessory items designed for female customers. The company operates two primarily mall-based chains of retail stores under the Wet Seal and Arden B names. The company has a P/E ratio of 4.2, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 15.8. TheStreet Ratings rates Wet Seal as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Wet Seal 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 rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.