NEW YORK ( TheStreet) -- Wet Seal (Nasdaq: WTSLA) is trading at unusually high volume Friday with 11.7 million shares changing hands. It is currently at 10.1 times its average daily volume and trading up 15 cents (+4.8%) at $3.25 as of 4 p.m. ET. Wet Seal has a market cap of $265 million and is part of the services sector and retail industry. Shares are down 14.1% year to date as of the close of trading on Thursday. The Wet Seal, Inc., a specialty retailer, operates stores that sell fashionable and contemporary apparel and accessory items designed for female customers. The company operates primarily two mall-based chains of retail stores under the Wet Seal and Arden B names. The company has a P/E ratio of 26.6, below the average retail industry P/E ratio of 36.6 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Wet Seal as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Wet Seal Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.