WMS Stock Falls On Unusually High Volume (WMS)

NEW YORK ( TheStreet) -- WMS Industries (NYSE: WMS) is trading at unusually high volume Tuesday with 3.2 million shares changing hands. It is currently at four times its average daily volume and trading down $1.62 (-6.6%) at $22.89 as of 3:35 p.m. ET.

WMS has a market cap of $1.36 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 19.4% year to date as of the close of trading on Monday.

WMS Industries Inc., through its subsidiaries, engages in the design, manufacture, and distribution of games, video and mechanical reel-spinning gaming machines, and video lottery terminals (VLTs) for the legalized gaming industry worldwide. The company has a P/E ratio of 26.1, above the average consumer durables industry P/E ratio of 25.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates WMS 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, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full WMS Ratings Report.

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

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