Netflix Stock Falls On Unusually High Volume (NFLX)

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) -- Netflix (Nasdaq: NFLX) is trading at unusually high volume Monday with 10.1 million shares changing hands. It is currently at 2.3 times its average daily volume and trading down $3.80 (-2.2%) at $165.76 as of 12:46 p.m. ET.

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Netflix has a market cap of $8.16 billion and is part of the services sector and specialty retail industry. Shares are up 11.5% year to date as of the close of trading on Friday.

Netflix, Inc. provides Internet subscription services for TV shows and movies in the United States and internationally. The company offers its subscribers to watch unlimited TV shows and movies streamed over the Internet to their TVs, computers, and mobile devices. The company has a P/E ratio of 185.9, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Netflix as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Netflix Ratings Report.

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

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