Deckers Outdoor Rises On Unusually High Volume (DECK)
Deckers Outdoor Corporation (Nasdaq:DECK) is trading at unusually high volume Monday with 4.6 million shares changing hands. It is currently at two times its average daily volume and trading up $3.15 (+8.2%).
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) -- Deckers Outdoor Corporation (Nasdaq: DECK) is trading at unusually high volume Monday with 4.6 million shares changing hands. It is currently at two times its average daily volume and trading up $3.15 (+8.2%) at $41.44 as of 1:40 p.m. ET.
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Deckers Outdoor has a market cap of $1.37 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 49.3% year to date as of the close of trading on Friday. Deckers Outdoor Corporation engages in the design, manufacture, and marketing of footwear and accessories for outdoor activities and casual lifestyle use for men, women, and children. The company has a P/E ratio of 9.7, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Deckers Outdoor as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and generally higher debt management risk. You can view the full Deckers Outdoor Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.