NEW YORK (
) is trading at unusually high volume Friday with 2.2 million shares changing hands. It is currently at four times its average daily volume and trading down $3.49 (-9.7%) at $32.54 as of four p.m. ET.
Digital River has a market cap of $1.4 billion and is part of the
industry. Shares are up 4.7% year to date as of the close of trading on Thursday.
Digital River, Inc., together with its subsidiaries, provides outsourced e-commerce solutions worldwide. Its services assist in establishing an online sales channel capability and to manage online sales. The company has a P/E ratio of 85, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.
TheStreet Ratings rates Digital River as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full
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