Carnival Stock Falls On Unusually High Volume (CCL)

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) -- Carnival Corporation (NYSE: CCL) is trading at unusually high volume Friday with 11 million shares changing hands. It is currently at 2.4 times its average daily volume and trading down 78 cents (-2.2%) at $34.94 as of 11:11 a.m. ET.

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Carnival has a market cap of $21.15 billion and is part of the services sector and leisure industry. Shares are down 2.8% year to date as of the close of trading on Thursday.

Carnival Corporation operates as a cruise and vacation company worldwide. The company operates in two segments, North America; and Europe, Australia, and Asia. The company has a P/E ratio of 21.4, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Carnival 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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Carnival 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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