Hanesbrands Stock Falls On Unusually High Volume (HBI)

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) -- Hanesbrands (NYSE: HBI) is trading at unusually high volume Friday with 2.4 million shares changing hands. It is currently at two times its average daily volume and trading down $1.06 (-2.2%) at $47.39 as of 4 p.m. ET.

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Hanesbrands has a market cap of $4.81 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 35.3% year to date as of the close of trading on Thursday.

Hanesbrands Inc., a consumer goods company, engages in designing, manufacturing, sourcing, and selling a range of basic apparels in the United States and internationally. The company has a P/E ratio of 21.1, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Hanesbrands as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and poor profit margins. You can view the full Hanesbrands 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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