Dole Food Rises On Unusually High Volume (DOLE)

NEW YORK ( TheStreet) -- Dole Food (NYSE: DOLE) is trading at unusually high volume Friday with 1.6 million shares changing hands. It is currently at four times its average daily volume and trading up $1.10 (+11%) at $11.07 as of 3:20 p.m. ET.

Dole Food has a market cap of $799.2 million and is part of the consumer goods sector and food & beverage industry. Shares are up 15.3% year to date as of the close of trading on Thursday.

Dole Food Company, Inc. engages in sourcing, growing, processing, marketing, and distributing fresh fruits and vegetables, and food products to wholesale, retail, and institutional customers worldwide. It operates in three segments: Fresh Fruit, Fresh Vegetables, and Packaged Foods. The company has a P/E ratio of 986, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Dole Food as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins. You can view the full Dole Food Ratings Report.

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