2. As of noon trading, Pitney Bowes ( PBI) is down $2.57 (-15.9%) to $13.63 on heavy volume Thus far, 17.2 million shares of Pitney Bowes exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $13.12-$14.56 after having opened the day at $14.35 as compared to the previous trading day's close of $16.20. Pitney Bowes Inc. provides software, hardware, and services to enable physical and digital communications in the United States and internationally. Pitney Bowes has a market cap of $3.0 billion and is part of the consumer goods sector. The company has a P/E ratio of 7.0, below the S&P 500 P/E ratio of 17.7. Shares are up 49.4% year to date as of the close of trading on Monday. TheStreet Ratings rates Pitney Bowes as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Pitney Bowes Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.