OCZ Technology Group Stock Falls On Unusually High Volume (OCZ)

NEW YORK ( TheStreet) -- OCZ Technology Group (Nasdaq: OCZ) is trading at unusually high volume Wednesday with 9.3 million shares changing hands. It is currently at four times its average daily volume and trading down 70 cents (-11.7%) at $5.29 as of 2:50 p.m. ET.

OCZ Technology Group has a market cap of $316.9 million and is part of the technology sector and computer hardware industry. Shares are down 9.4% year to date as of the close of trading on Tuesday.

OCZ Technology Group, Inc. engages in the design, manufacture, and distribution of Solid-State Drives (SSD) and computer components.

TheStreet Ratings rates OCZ Technology Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and a generally disappointing performance in the stock itself. You can view the full OCZ Technology Group Ratings Report.

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