Computer Sciences Stock Falls On Unusually High Volume (CSC)

NEW YORK ( TheStreet) -- Computer Sciences Corporation (NYSE: CSC) is trading at unusually high volume Wednesday with 9.2 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $3.96 (-12.4%) at $28.01 as of 3:16 p.m. ET.

Computer Sciences has a market cap of $4.8 billion and is part of the technology sector and computer software & services industry. Shares are down 35.5% year to date as of the close of trading on Tuesday.

Computer Sciences Corporation provides information technology (IT) and professional services to governments and commercial enterprises. The company has a P/E ratio of 6.8, above the average computer software & services industry P/E ratio of 6.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Computer Sciences 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 and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Computer Sciences Ratings Report.

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