PhotoMedex Stock Falls On Unusually High Volume (PHMD)

NEW YORK ( TheStreet) -- PhotoMedex (Nasdaq: PHMD) is trading at unusually high volume Friday with 1.7 million shares changing hands. It is currently at 8.1 times its average daily volume and trading down $1.12 (-8.3%) at $12.38 as of 4 p.m. ET.

PhotoMedex has a market cap of $287.9 million and is part of the health care sector and health services industry. Shares are up 2% year to date as of the close of trading on Thursday.

PhotoMedex, Inc., together with its subsidiaries, provides integrated disease management and aesthetic solutions through laser and light-based devices, pharmaceuticals, and cosmeceuticals in the United States and internationally.

TheStreet Ratings rates PhotoMedex as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity and weak operating cash flow. You can view the full PhotoMedex 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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