Fleetcor Stock Falls On Unusually High Volume (FLT)

NEW YORK ( TheStreet) -- Fleetcor Technologies (NYSE: FLT) is trading at unusually high volume Wednesday with 870,004 shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.19 (-3.2%) at $36.51 as of 10:30 a.m. ET.

Fleetcor has a market cap of $2.74 billion and is part of the services sector and diversified services industry. Shares are up 26.2% year to date as of the close of trading on Tuesday.

FleetCor Technologies, Inc. provides specialized payment products and services to businesses, commercial fleets, oil companies, petroleum marketers, and government entities in North America, Europe, South Africa, and Asia. The company has a P/E ratio of 21.1, above the average diversified services industry P/E ratio of 12.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fleetcor 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's profit margins have been poor overall. You can view the full Fleetcor Ratings Report.

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