Fleetcor Stock Falls On Unusually High Volume (FLT)

NEW YORK ( TheStreet) -- Fleetcor Technologies (NYSE: FLT) is trading at unusually high volume Friday with 1.4 million shares changing hands. It is currently at 5.7 times its average daily volume and trading down $2.12 (-5.5%) at $36.48 as of 10:15 a.m. ET.

Fleetcor has a market cap of $3.2 billion and is part of the services sector and diversified services industry. Shares are up 24% year to date as of the close of trading on Thursday.

FleetCor Technologies, Inc. provides specialized payment products and services to businesses, commercial fleets, oil companies, petroleum marketers, and government entities in North America, Europe, South Africa, and Asia. The company has a P/E ratio of 20.7, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fleetcor 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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Fleetcor 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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