NEW YORK ( TheStreet) -- Avon Products (NYSE: AVP) is trading at unusually high volume Friday with 42.7 million shares changing hands. It is currently at 5.3 times its average daily volume and trading down 88 cents (-5.3%) at $15.73 as of 4:01 p.m. ET.
Avon has a market cap of $7 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 4.9% year to date as of the close of trading on Thursday. Avon Products, Inc. manufactures and markets beauty and related products worldwide. The company has a P/E ratio of 17.8, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Avon as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally poor debt management. You can view the full Avon Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
Activist investor Mitarotonda steps up his insurgency campaign at the woman's retailer with a 10-page letter while University of Delaware's Charles Elson raises concerns about a company director nominee