NEW YORK ( TheStreet) -- Imax Corporation (Nasdaq: IMAX) is trading at unusually high volume Friday with 5.1 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.70 (-8.4%) at $18.51 as of 2:41 p.m. ET. Imax has a market cap of $1.6 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 28% year to date as of the close of trading on Thursday. IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company worldwide. It specializes in digital and film-based motion picture technologies. The company has a P/E ratio of 22.4, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Imax as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, premium valuation and weak operating cash flow. You can view the full Imax 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 falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.