Rite Aid Rises On Unusually High Volume (RAD)

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) -- Rite Aid Corporation (NYSE: RAD) is trading at unusually high volume Monday with 36.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 20 cents (+7.3%) at $3 as of 12:31 p.m. ET.

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Rite Aid has a market cap of $2.35 billion and is part of the services sector and retail industry. Shares are up 105.1% year to date as of the close of trading on Friday.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company has a P/E ratio of 21.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Rite Aid as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Rite Aid Ratings Report.

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