NEW YORK ( TheStreet) -- E*Trade Financial (Nasdaq: ETFC) is trading at unusually high volume Thursday with 28.3 million shares changing hands. It is currently at four times its average daily volume and trading down $1.36 (-14.6%) at $8 as of 2:55 p.m. ET. E*Trade Financial has a market cap of $2.72 billion and is part of the financial sector and financial services industry. Shares are up 17.6% year to date as of the close of trading on Wednesday. E*TRADE Financial Corporation, together with its subsidiaries, provides online brokerage and related products and services primarily to individual retail investors in the United States. It offers trading products and services, including automated order placement and execution of the U.S. The company has a P/E ratio of 21.2, equal to the average financial services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates E*Trade Financial as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and weak operating cash flow. You can view the full E*Trade Financial 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.