Universal Display Stock Falls On Unusually High Volume (PANL)

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) -- Universal Display Corporation (Nasdaq: PANL) is trading at unusually high volume Friday with 1.9 million shares changing hands. It is currently at two times its average daily volume and trading down $4.84 (-14.5%) at $28.51 as of 11:26 a.m. ET.

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Universal Display has a market cap of $1.53 billion and is part of the technology sector and computer hardware industry. Shares are up 29.1% year to date as of the close of trading on Thursday.

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel display, solid-state lighting, and other product applications. The company has a P/E ratio of 157.5, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Universal Display as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and premium valuation. You can view the full Universal Display Ratings Report.

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