Harry Winston Stock Falls On Unusually High Volume (HWD)

NEW YORK ( TheStreet) -- Harry Winston Diamond (NYSE: HWD) is trading at unusually high volume Tuesday with 1.6 million shares changing hands. It is currently at four times its average daily volume and trading down 40 cents (-3%) at $12.85 as of 2:40 p.m. ET.

Harry Winston has a market cap of $1.13 billion and is part of the basic materials sector and metals & mining industry. Shares are up 24.5% year to date as of the close of trading on Monday.

Harry Winston Diamond Corporation, a diamond company, engages in mining and retailing diamonds in Canada and internationally. The company has a P/E ratio of 44.3, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Harry Winston as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Harry Winston Ratings Report.

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