NEW YORK ( TheStreet) -- SmartHeat (Nasdaq: HEAT) is trading at unusually high volume Thursday with 1.2 million shares changing hands. It is currently at four times its average daily volume and trading down 16 cents (-2%) at $7.52 as of 10:30 a.m. ET. SmartHeat has a market cap of $18.7 million and is part of the industrial goods sector and industrial industry. Shares are up 38.4% year to date as of the close of trading on Wednesday. SmartHeat Inc. manufactures, sells, and services plate heat exchangers (PHE) in the People's Republic of China. TheStreet Ratings rates SmartHeat as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full SmartHeat 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.
Shares of SmartHeat (Nasdaq:HEAT) have taken a tremendous swing upward. The stock is trading at 65 cents as of 10:46 a.m. ET, 22.6% above Tuesday's closing price of 53 cents. Volume is at 47,367, 0.1 times the daily average of 474,400.