NetSuite Stock Falls On Unusually High Volume (N)

NEW YORK ( TheStreet) -- NetSuite (NYSE: N) is trading at unusually high volume Friday with 1.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $5.15 (-10.2%) at $45.32 as of 3:59 p.m. ET.

NetSuite has a market cap of $3.35 billion and is part of the technology sector and computer software & services industry. Shares are up 24.5% year to date as of the close of trading on Thursday.

NetSuite Inc. provides cloud-based financials/enterprise resource planning (ERP) software suites in the United States and internationally.

TheStreet Ratings rates NetSuite as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share. You can view the full NetSuite Ratings Report.

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