STMicroelectronics NV ADR Stock Falls On Unusually High Volume (STM)

NEW YORK ( TheStreet) -- STMicroelectronics NV ADR (NYSE: STM) is trading at unusually high volume Monday with 8.6 million shares changing hands. It is currently at 4.2 times its average daily volume and trading down 72 cents (-10.9%) at $5.86 as of 12:10 p.m. ET.

STMicroelectronics NV ADR has a market cap of $6.55 billion and is part of the technology sector and electronics industry. Shares are up 11% year to date as of the close of trading on Friday.

STMicroelectronics N.V., an independent semiconductor company, engages in the design, development, manufacture, and marketing of a range of semiconductor integrated circuits and discrete devices. The company has a P/E ratio of 9.2, below the average electronics industry P/E ratio of 10.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates STMicroelectronics NV ADR as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full STMicroelectronics NV ADR Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers