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.

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