NEW YORK ( TheStreet) -- Collective Brands (NYSE: PSS) is trading at unusually high volume Tuesday with eight million shares changing hands. It is currently at four times its average daily volume and trading down $1.79 (-13.1%) at $11.91 as of 2:26 p.m. ET. Collective has a market cap of $835.2 million and is part of the services sector and retail industry. Shares are down 35.1% year to date as of the close of trading on Monday. Collective Brands, Inc. primarily engages in the wholesale and retail of footwear and related accessories worldwide. The company has a P/E ratio of 30, below the average retail industry P/E ratio of 31.3 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Collective as a hold. The company's strengths can be seen in multiple areas, such as its 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 Collective 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.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Markets
Economy, Immigration Headline First Democratic Presidential Nominee Debate
First Democratic debate 2019: Night One covers the economy, immigration healthcare and more.
How Investors Should Approach the Trade Talks, the Federal Reserve and Micron
United States Secretary of the Treasury Steven Mnuchin made comments on the trade talks early Wednesday. Mnuchin says that he believes that the U.S. and China were almost 90% of the way through trade talks. Fed chair Jerome Powell spoke about the need for the central bank to remain independent and to not cave to "short-term political interests." And, of course, we have Micron MU, which is Real Money's stock of the day and it also released earnings Tuesday after the bell. The company beat expectations.
Dow Ends Down on Mixed Trade Messages From Mnuchin, Trump
Stocks end mixed after Treasury Secretary Steven Mnuchin says the U.S. and China were close to reaching a trade agreement, while President Trump hints that he wants to make a trade deal with Beijing but is happy where things are now.