NEW YORK (TheStreet) -- LogMeIn (Nasdaq:LOGM) is trading at unusually high volume Friday with 1.9 million shares changing hands. It is currently at 4.5 times its average daily volume and trading up $6.64 (+15.8%) at $48.80 as of 11:48 a.m. ET. LogMeIn has a market cap of $1 billion and is part of the technology sector and computer software & services industry. Shares are down 4.9% year to date as of the close of trading on Thursday. LogMeIn, Inc. provides on-demand, remote-connectivity solutions to small and medium-sized businesses, information technology (IT) service providers, and consumers in the United States and internationally. TheStreet Ratings rates LogMeIn as a hold. 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 and compelling growth in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full LogMeIn Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
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