Lexmark International Stock Falls On Unusually High Volume (LXK)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Lexmark International (NYSE: LXK) is trading at unusually high volume Friday with 14.8 million shares changing hands. It is currently at 6.4 times its average daily volume and trading down 62 cents (-2.7%) at $22.25 as of 4:02 p.m. ET.

  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

Lexmark International has a market cap of $1.56 billion and is part of the technology sector and computer hardware industry. Shares are down 30.8% year to date as of the close of trading on Thursday.

Lexmark International, Inc. develops, manufactures, and supplies printing and imaging solutions for offices. It offers laser printers, inkjet printers, and multifunction devices, as well as cartridges and other supplies, services, and solutions. The company has a P/E ratio of 6.9, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lexmark International as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. 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 weak operating cash flow. You can view the full Lexmark International Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.
null

If you liked this article you might like

It's Too Risky to Buy Deutsche Bank Now -- Plus 6 Other Big-Volume Stock Trades

Closing Bell: Deutsche Bank Rebounds; U.S. Stocks Clock Gains For Third Quarter

Why Lexmark (LXK) Stock Is Surging Today

Jabil Retreats After Goldman Says Sell Ahead Of Expected Estimate Cuts