Abiomed Stock Falls On Unusually High Volume (ABMD)

NEW YORK ( TheStreet) -- Abiomed (Nasdaq: ABMD) is trading at unusually high volume Tuesday with 1.5 million shares changing hands. It is currently at 4.9 times its average daily volume and trading down $1.13 (-5%) at $21.62 as of 11:49 a.m. ET.

Abiomed has a market cap of $696.9 million and is part of the health care sector and health services industry. Shares are up 23.2% year to date as of the close of trading on Monday.

Abiomed, Inc. provides medical devices in circulatory support and continuum of care in heart recovery to acute heart failure patients.

TheStreet Ratings rates Abiomed 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 solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Abiomed Ratings Report.

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