CareFusion Stock Falls On Unusually High Volume (CFN)

NEW YORK ( TheStreet) -- CareFusion (NYSE: CFN) is trading at unusually high volume Monday with 6.4 million shares changing hands. It is currently at four times its average daily volume and trading down $2.12 (-8.3%) at $23.36 as of 2 p.m. ET.

CareFusion has a market cap of $5.77 billion and is part of the health care sector and health services industry. Shares are up 0.3% year to date as of the close of trading on Friday.

CareFusion Corporation, a medical technology company, provides various healthcare products and services in the United States and internationally. It operates in two segments, Critical Care Technologies, and Medical Technologies and Services. The company has a P/E ratio of 14.4, below the average health services industry P/E ratio of 21.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CareFusion as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full CareFusion Ratings Report.

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