Constant Contact Stock Falls On Unusually High Volume (CTCT)
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%).
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. 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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