NEW YORK ( TheStreet) -- Alere (NYSE: ALR) is trading at unusually high volume Wednesday with 2.4 million shares changing hands. It is currently at four times its average daily volume and trading down $3.81 (-11.2%) at $30.27 as of 11:23 a.m. ET.

Alere has a market cap of $3 billion and is part of the health care sector and health services industry. Shares are down 6.9% year to date as of the close of trading on Tuesday.

Alere Inc. engages in the development, manufacture, and marketing of consumer and professional medical diagnostic products in the United States and internationally.

TheStreet Ratings rates Alere as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. You can view the full Alere Ratings Report.

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