CIT Group Stock Falls On Unusually High Volume (CIT)

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) -- CIT Group (NYSE: CIT) is trading at unusually high volume Tuesday with 5.2 million shares changing hands. It is currently at four times its average daily volume and trading down $3 (-7.5%) at $37.02 as of 3:25 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.

CIT Group has a market cap of $8.05 billion and is part of the financial sector and financial services industry. Shares are up 15% year to date as of the close of trading on Monday.

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing, leasing products, and other services to small and middle market businesses.

TheStreet Ratings rates CIT Group as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income and disappointing return on equity. You can view the full CIT Group 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

Bank of America Just Topped Warren Buffett's Dividend Benchmark

Bank On It: Biggest U.S. Lenders Pass Fed's Stress Tests

5 Things You Must Know Before the Market Opens Friday

Wall Street's Biggest Banks Score High on First Round of Stress Tests

Here's How to Play New Fed Stress Tests on the 34 Biggest U.S. Banks