NEW YORK ( TheStreet) -- PAETEC (Nasdaq: PAET) is trading at unusually high volume Thursday with 6.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 27 cents (-2.3%) at $11.61 as of 4 p.m. ET. PAETEC has a market cap of $789.8 million and is part of the technology sector and telecommunications industry. Shares are down 15.4% year to date as of the close of trading on Wednesday. PAETEC Holding Corp., through its subsidiaries, provides integrated broadband communications services to business and end-user customers primarily in the United States. The company has a P/E ratio of 22.9, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates PAETEC as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and weak operating cash flow. You can view the full PAETEC 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.
PAETEC (Nasdaq:PAET) hit a new 52-week high Tuesday as it is currently trading at $5.82, above its previous 52-week high of $5.80 with 340,120 shares traded as of 11 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.