Magma Design Automation Stock Falls On Unusually High Volume (LAVA)

NEW YORK ( TheStreet) -- Magma Design Automation Incorporated (Nasdaq: LAVA) is trading at unusually high volume Friday with 4.3 million shares changing hands. It is currently at 4.3 times its average daily volume and trading down 88 cents (-16.9%) at $4.36 as of 3:50 p.m. ET.

Magma Design Automation has a market cap of $361.2 million and is part of the technology sector and computer software & services industry. Shares are up 4.8% year to date as of the close of trading on Thursday.

Magma Design Automation, Inc. provides electronic design automation software products and related services.

TheStreet Ratings rates Magma Design Automation as a sell. Among the areas we feel are negative, one of the most important has been poor debt management on most measures. You can view the full Magma Design Automation Ratings Report.

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