Teck Stock Falls On Unusually High Volume (TCK)

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) -- Teck Resources (NYSE: TCK) is trading at unusually high volume Thursday with 4.6 million shares changing hands. It is currently at 2.7 times its average daily volume and trading down $2.35 (-6.4%) at $34.52 as of 4 p.m. ET.

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Teck has a market cap of $21.33 billion and is part of the basic materials sector and metals & mining industry. Shares are up 1.8% year to date as of the close of trading on Wednesday.

Teck Resources Limited operates as a diversified mining, mineral processing, and metallurgical company. It is involved in exploring, developing, smelting, refining, safety, environmental protecting, product stewardship, recycling, and researching activities. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Teck as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Teck 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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