Spreadtrum Stock Falls On Unusually High Volume (SPRD)

NEW YORK ( TheStreet) -- Spreadtrum Communications (Nasdaq: SPRD) is trading at unusually high volume Friday with 6.2 million shares changing hands. It is currently at four times its average daily volume and trading down $4.11 (-21.3%) at $15.15 as of 3:25 p.m. ET.

Spreadtrum has a market cap of $962.1 million and is part of the technology sector and electronics industry. Shares are down 7.8% year to date as of the close of trading on Thursday.

Spreadtrum Communications, Inc., through its subsidiaries, operates as a fabless semiconductor company that designs, develops, and markets baseband processor and RF transceiver solutions for wireless communications and mobile television markets. The company has a P/E ratio of 8.3, above the average electronics industry P/E ratio of 3.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Spreadtrum as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Spreadtrum Ratings Report.

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