Global Stock Falls On Unusually High Volume (GLBL)

NEW YORK ( TheStreet) -- Global Industries (Nasdaq: GLBL) is trading at unusually high volume Friday with five million shares changing hands. It is currently at four times its average daily volume and trading down 55 cents (-7.6%) at $6.72 as of 3:46 p.m. ET.

Global has a market cap of $1 billion and is part of the basic materials sector and energy industry. Shares are up 4.9% year to date as of the close of trading on Thursday.

Global Industries, Ltd., together with its subsidiaries, provides construction and subsea services to the offshore oil and gas industry.

TheStreet Ratings rates Global as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins and feeble growth in its earnings per share. You can view the full Global Ratings Report.

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