CIT Group Stock Falls On Unusually High Volume (CIT)

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) -- CIT Group (NYSE: CIT) is trading at unusually high volume Tuesday with 2.9 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down 97 cents (-2.3%) at $40.48 as of 3:10 p.m. ET.

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CIT Group has a market cap of $8.41 billion and is part of the financial sector and financial services industry. Shares are up 7.3% year to date as of the close of trading on Monday.

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products, as well as deposit products and savings accounts.

TheStreet Ratings rates CIT Group as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. You can view the full CIT Group 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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