NEW YORK (TheStreet) -- Amazon.com (AMZN) - Get Report stock is up 2.05% to $705.55 in early afternoon trade after expanding its Dash Button service and reporting that orders have doubled since March.
The Seattle-based online retailer said that Prime members have been placing orders through the Dash program at a rate of two times per minute, up from once per minute earlier this year.
Also, Amazon.com is expanding its Dash Button service, which allows users to instantly reorder everyday items, with 50 new brands. The physical buttons, requiring a Prime membership to purchase, are meant to be mounted around the home for easy access when users need to reorder items.
"This year we've been focused on rapidly growing the Dash button program in every dimension," the director of Amazon Dash, Daniel Rausch, told Bloomberg.
Orders in the Dash service have grown by 70% in the last three months.
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Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.
The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and solid stock price performance.
TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: AMZN
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.