NEW YORK ( TheStreet) -- CGG Veritas (NYSE: CGV) is trading at unusually high volume Wednesday with 438,822 shares changing hands. It is currently at four times its average daily volume and trading down $1.48 (-6.1%) at $22.63 as of 3:41 p.m. ET. CGG Veritas has a market cap of $3.3 billion and is part of the basic materials sector and energy industry. Shares are down 21.2% year to date as of the close of trading on Tuesday. Compagnie Generale de Geophysique-Veritas S.A., together with its subsidiaries, provides geophysical services and equipment to the oil and gas exploration and production industries in France and internationally. The company has a P/E ratio of 217, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates CGG Veritas as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full CGG Veritas 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.