Crosstex Energy Stock Falls On Unusually High Volume (XTEX)

NEW YORK ( TheStreet) -- Crosstex Energy (Nasdaq: XTEX) is trading at unusually high volume Thursday with 1.1 million shares changing hands. It is currently at 6.2 times its average daily volume and trading down 92 cents (-5.4%) at $16.01 as of 9:30 a.m. ET.

Crosstex Energy has a market cap of $864.2 million and is part of the basic materials sector and energy industry. Shares are up 4.4% year to date as of the close of trading on Wednesday.

Crosstex Energy, L.P. operates as an independent midstream energy company.

TheStreet Ratings rates Crosstex Energy as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full Crosstex Energy 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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