Fresh Market Rises On Unusually High Volume (TFM)

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) -- Fresh Market (Nasdaq: TFM) is trading at unusually high volume Wednesday with 1.8 million shares changing hands. It is currently at 2.3 times its average daily volume and trading up $6.40 (+13.8%) at $52.76 as of 10:06 a.m. ET.

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Fresh Market has a market cap of $2.23 billion and is part of the services sector and retail industry. Shares are down 4.1% year to date as of the close of trading on Tuesday.

The Fresh Market, Inc. operates as a specialty grocery retailer. The company has a P/E ratio of 34.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fresh Market as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and weak operating cash flow. You can view the full Fresh Market 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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