NEW YORK ( TheStreet) -- Higher One Holdings (NYSE: ONE) is trading at unusually high volume Wednesday with 1.3 million shares changing hands. It is currently at 5.1 times its average daily volume and trading down $1.53 (-7.7%) at $18.48 as of 3:50 p.m. ET.

Higher One has a market cap of $1.08 billion and is part of the services sector and diversified services industry. Shares are down 1.1% year to date as of the close of trading on Tuesday.

Higher One Holdings, Inc. provides technology and payment services to the higher education industry in the United States. The company provides a suite of disbursement and payment solutions for higher education institutions and their students. The company has a P/E ratio of 34.2, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Higher One as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and weak operating cash flow. You can view the full Higher One 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.