Viasat Stock Falls On Unusually High Volume (VSAT)

NEW YORK ( TheStreet) -- Viasat (Nasdaq: VSAT) is trading at unusually high volume Thursday with 920,495 shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.36 (-3.4%) at $39.04 as of 2:40 p.m. ET.

Viasat has a market cap of $1.77 billion and is part of the technology sector and telecommunications industry. Shares are down 11% year to date as of the close of trading on Wednesday.

ViaSat, Inc. designs, produces, and markets satellite and other wireless communication, and networking systems for government and commercial customers. The company has a P/E ratio of 241.5, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Viasat as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Viasat Ratings Report.

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