Sanmina-SCI Stock Falls On Unusually High Volume (SANM)

NEW YORK ( TheStreet) -- Sanmina-SCI (Nasdaq: SANM) is trading at unusually high volume Tuesday with 2.9 million shares changing hands. It is currently at 4.3 times its average daily volume and trading down $1.39 (-13.6%) at $8.87 as of 4 p.m. ET.

Sanmina-SCI has a market cap of $874.1 million and is part of the technology sector and electronics industry. Shares are up 10.2% year to date as of the close of trading on Monday.

Sanmina-SCI Corporation provides integrated electronics manufacturing services worldwide. The company has a P/E ratio of 17.9, below the average electronics industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sanmina-SCI as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Sanmina-SCI Ratings Report.

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