Yandex Stock Falls On Unusually High Volume (YNDX)

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) -- Yandex (Nasdaq: YNDX) is trading at unusually high volume Tuesday with 4.6 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down $1.98 (-7.9%) at $23.05 as of 3:51 p.m. ET.

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Yandex has a market cap of $5.04 billion and is part of the technology sector and internet industry. Shares are up 16.2% year to date as of the close of trading on Monday.

Yandex N.V. operates as an Internet and technology company and operates an Internet search engine in Russia and internationally. It offers access to a range of information available online; localized homepages for specific geographic markets; and personalized and email services. The company has a P/E ratio of 30.8, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Yandex as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. You can view the full Yandex 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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