Glimcher Stock Falls On Unusually High Volume (GRT)

NEW YORK ( TheStreet) -- Glimcher Realty (NYSE: GRT) is trading at unusually high volume Thursday with 3.7 million shares changing hands. It is currently at 4.4 times its average daily volume and trading down 21 cents (-2.1%) at $10 as of 9:55 a.m. ET.

Glimcher has a market cap of $988.9 million and is part of the financial sector and real estate industry. Shares are up 11% year to date as of the close of trading on Wednesday.

Glimcher Realty Trust operates as a real estate investment trust (REIT) in the United States. It owns, leases, acquires, develops, and operates a portfolio of retail properties, including regional and super regional malls, as well as community shopping centers.

TheStreet Ratings rates Glimcher as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and revenue growth. 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 Glimcher 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.
null

If you liked this article you might like

Barbarian At The Gate: Glimcher Realty (GRT)

Barbarian At The Gate: Glimcher Realty (GRT)

Jim Cramer's Top Stock Picks: RCL WPG GRT EBAY

Jim Cramer's Top Stock Picks: RCL WPG GRT EBAY

Jim Cramer's 'Mad Money' Recap: How to Invest in a Slowing World Economy

Jim Cramer's 'Mad Money' Recap: How to Invest in a Slowing World Economy

4 Big Stocks to Trade (or Not)

4 Big Stocks to Trade (or Not)

Washington Prime Acquires Glimcher Realty Trust in $4.3B Deal

Washington Prime Acquires Glimcher Realty Trust in $4.3B Deal