4. As of noon trading, Garmin ( GRMN) is down $3.99 (-10.2%) to $35.25 on heavy volume Thus far, 4.1 million shares of Garmin exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $34.65-$36.05 after having opened the day at $35.51 as compared to the previous trading day's close of $39.24.

Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products for the automotive/mobile, outdoor, fitness, marine, and general aviation markets worldwide. Garmin has a market cap of $8.1 billion and is part of the electronics industry. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are down 4.0% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Garmin a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Garmin as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Garmin Ratings Report now.

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