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TheStreet Wire

SINA Rises On Unusually High Volume (SINA)

By TheStreet Wire 08/16/12 - 12:58 PM EDT

Find out if (SINA) is in Cramer's Portfolio.

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) -- SINA Corporation (Nasdaq:SINA) is trading at unusually high volume Thursday with 10.6 million shares changing hands. It is currently at four times its average daily volume and trading up $5.80 (+11.4%) at $56.70 as of 12:35 p.m. ET.

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SINA has a market cap of $3.3 billion and is part of the technology sector and internet industry. Shares are down 2.1% year to date as of the close of trading on Wednesday.

SINA Corporation provides online media and mobile value-added services (MVAS) in the People's Republic of China. It provides advertising, non-advertising, and free services through SINA.com, Weibo.com, and SINA Mobile.

TheStreet Ratings rates SINA as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full SINA 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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