Constant Contact Stock Falls On Unusually High Volume (CTCT)

NEW YORK ( TheStreet) -- Constant Contact (Nasdaq: CTCT) is trading at unusually high volume Wednesday with 1.9 million shares changing hands. It is currently at four times its average daily volume and trading down $3.38 (-17.3%) at $16.14 as of 2:05 p.m. ET.

Constant Contact has a market cap of $592.1 million and is part of the services sector and media industry. Shares are down 10.2% year to date as of the close of trading on Tuesday.

Constant Contact, Inc. provides on-demand email marketing, social media marketing, event marketing, and online survey products primarily in the United States. The company has a P/E ratio of 23.2, equal to the average media industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Constant Contact as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust 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 Constant Contact Ratings Report.

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