Walter Energy Stock Falls On Unusually High Volume (WLT)

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) -- Walter Energy (NYSE: WLT) is trading at unusually high volume Monday with 12.7 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down 50 cents (-4.2%) at $11.62 as of 11:05 a.m. ET.

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Walter Energy has a market cap of $919.2 million and is part of the basic materials sector and metals & mining industry. Shares are down 66.1% year to date as of the close of trading on Friday.

Walter Energy, Inc. produces and exports metallurgical coal for the steel industry. It also produces thermal and industrial coal, anthracite, metallurgical coke, coal bed methane gas, and other related products.

TheStreet Ratings rates Walter Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Walter Energy Ratings Report.

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