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) -- Safeway (NYSE: SWY) is trading at unusually high volume Thursday with 11 million shares changing hands. It is currently at two times its average daily volume and trading up $1.01 (+5.8%) at $18.47 as of 10:55 a.m. ET.
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Safeway has a market cap of $4.08 billion and is part of the services sector and retail industry. Shares are down 19.2% year to date as of the close of trading on Wednesday. Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. The company has a P/E ratio of 9.1, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Safeway as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and weak operating cash flow. You can view the full Safeway 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.