Staples Stock Falls On Unusually High Volume (SPLS)

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) -- Staples (Nasdaq: SPLS) is trading at unusually high volume Wednesday with 21.5 million shares changing hands. It is currently at two times its average daily volume and trading down 77 cents (-5.3%) at $13.88 as of 12:36 p.m. ET.

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Staples has a market cap of $8.73 billion and is part of the services sector and specialty retail industry. Shares are up 13.6% year to date as of the close of trading on Tuesday.

Staples, Inc., together with its subsidiaries, operates as an office products company. The company offers various office supplies and services, office machines and related products, computers and related products, and office furniture under Staples, Quill, and other proprietary brands. The company has a P/E ratio of 431.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Staples as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Staples 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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