Standard Pacific Stock Falls On Unusually High Volume (SPF)

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) -- Standard Pacific (NYSE: SPF) is trading at unusually high volume Friday with 8.6 million shares changing hands. It is currently at two times its average daily volume and trading down 29 cents (-3.1%) at $9.03 as of 3:50 p.m. ET.

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Standard Pacific has a market cap of $1.93 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 26.8% year to date as of the close of trading on Thursday.

Standard Pacific Corp. operates as a builder of single-family attached and detached homes in the United States. It constructs homes targeting various homebuyers primarily move-up buyers in metropolitan markets in California, Florida, the Carolinas, Texas, Arizona, and Colorado. The company has a P/E ratio of 6.2, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Standard Pacific as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and poor profit margins. You can view the full Standard Pacific Ratings Report.

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