NEW YORK ( TheStreet) -- Ann (NYSE: ANN) is trading at unusually high volume Friday with 8.5 million shares changing hands. It is currently at four times its average daily volume and trading up $2.51 (+13%) at $21.78 as of 3:51 p.m. ET.

Ann has a market cap of $1.1 billion and is part of the services sector and retail industry. Shares are down 29.6% year to date as of the close of trading on Thursday.

ANN INC. operates as a specialty retailer of women's apparel, shoes, and accessories primarily in the United States. It offers a range of career and casual separates, dresses, tops, weekend wear, shoes, and accessories under the Ann Taylor and LOFT brands. The company has a P/E ratio of 15, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ann as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Ann Ratings Report.

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