NEW YORK ( TheStreet) -- Hot Topic (Nasdaq: HOTT) is trading at unusually high volume Thursday with 3.3 million shares changing hands. It is currently at 4.2 times its average daily volume and trading down 48 cents (-5.8%) at $7.76 as of 3:56 p.m. ET. Hot Topic has a market cap of $370.5 million and is part of the services sector and retail industry. Shares are up 31.1% year to date as of the close of trading on Wednesday. Hot Topic, Inc., together with its subsidiaries, operates as a mall- and Web-based specialty retailer in the United States. The company operates Hot Topic and Torrid store concepts, as well as an e-space music discovery concept, ShockHound. TheStreet Ratings rates Hot Topic as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Hot Topic 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.