Pilgrims Pride Stock Falls On Unusually High Volume (PPC)

NEW YORK ( TheStreet) -- Pilgrims Pride Corp (NYSE: PPC) is trading at unusually high volume Friday with 3.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 19 cents (-3.5%) at $5.20 as of 4:04 p.m. ET.

Pilgrims Pride has a market cap of $1.2 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 24% year to date as of the close of trading on Thursday.

Pilgrim's Pride Corporation produces poultry products in the United States, Mexico, and Puerto Rico. The company has a P/E ratio of 90, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Pilgrims Pride as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, feeble growth in its earnings per share, deteriorating net income, generally weak debt management and disappointing return on equity. You can view the full Pilgrims Pride Ratings Report.

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