Computer Sciences Stock Falls On Unusually High Volume (CSC)
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%).
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. 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.