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. 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 rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.