NEW YORK (
) is trading at unusually high volume Tuesday with 1.2 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $3.53 (+11.6%) at $34.10 as of 10:50 a.m. ET. DG FastChannel has a market cap of $846.6 million and is part of the
industry. Shares are up 5.8% year to date as of the close of trading on Monday.
DG FastChannel, Inc. provides digital technology services that enable the electronic delivery of advertisements, syndicated programs, and video news releases to traditional broadcasters, online publishers, and other media outlets. The company has a P/E ratio of 21.4, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 23.3.
TheStreet Ratings rates DG FastChannel 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, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. 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