NEW YORK (TheStreet) -- Radioshack Corp. (RSH) stock is plunging -10.43% to 82 cents per share in heavy volume with 7.27 million shares traded compared to the average volume of 4.02 million shares.
The electronics retailer closed below $1 per share for the first time ever on June 20 as sales continue to slide as bankruptcy rumors swirl.
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Separately, TheStreet Ratings team rates RADIOSHACK CORP as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate RADIOSHACK CORP (RSH) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. 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, weak operating cash flow and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: