Crown Stock Falls On Unusually High Volume (CCK)

NEW YORK ( TheStreet) -- Crown Holdings (NYSE: CCK) is trading at unusually high volume Wednesday with 4.8 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.64 (-4.2%) at $37.60 as of 3:46 p.m. ET.

Crown has a market cap of $6.1 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 17.6% year to date as of the close of trading on Tuesday.

Crown Holdings, Inc. engages in the design, manufacture, and sale of packaging products for consumer goods. The company has a P/E ratio of 19.6, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 16.3.

TheStreet Ratings rates Crown as a hold. The company's strengths can be seen in multiple areas, such as its 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 also find weaknesses including deteriorating net income, weak operating cash flow and poor profit margins. You can view the full Crown Ratings Report.

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