NetEase.com Rises On Unusually High Volume (NTES)

NEW YORK (TheStreet) -- NetEase.com (Nasdaq:NTES) is trading at unusually high volume Thursday with 2.4 million shares changing hands. It is currently at four times its average daily volume and trading up $4.12 (+10.1%) at $44.87 as of 2:26 p.m. ET. NetEase.com has a market cap of $5.2 billion and is part of the technology sector and internet industry. Shares are up 12.7% year to date as of the close of trading on Wednesday.

NetEase.com, Inc., an Internet technology company, engages in the development of applications, services, and other technologies for the Internet in China. The company has a P/E ratio of 19, above the average internet industry P/E ratio of 12 and below the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates NetEase.com as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full NetEase.com Ratings Report.

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