Omnicare Rises On Unusually High Volume (OCR)

NEW YORK ( TheStreet) -- Omnicare Inc (NYSE: OCR) is trading at unusually high volume Wednesday with 9.6 million shares changing hands. It is currently at 5.5 times its average daily volume and trading up 62 cents (+2.9%) at $22.24 as of 2:56 p.m. ET.

Omnicare has a market cap of $2.8 billion and is part of the services sector and wholesale industry. Shares are down 3.2% year to date as of the close of trading on Tuesday.

Omnicare, Inc. provides pharmaceuticals, and related pharmacy and ancillary services to long-term healthcare institutions.

TheStreet Ratings rates Omnicare as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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 Omnicare Ratings Report.

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