Sony Stock Falls On Unusually High Volume (SNE)

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) -- Sony Corporation (NYSE: SNE) is trading at unusually high volume Wednesday with 12.9 million shares changing hands. It is currently at 3.3 times its average daily volume and trading down 50 cents (-2.2%) at $22.42 as of 3:25 p.m. ET.

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Sony has a market cap of $21.22 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 104.6% year to date as of the close of trading on Tuesday.

Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. The company has a P/E ratio of six, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sony as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Sony 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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