NEW YORK (

TheStreet

) --

Focus Media

(Nasdaq:

FMCN

) is trading at unusually high volume Tuesday with 14.8 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 50 cents (+3.2%) at $15.93 as of 10:15 a.m. ET.

Focus Media has a market cap of $3.46 billion and is part of the

services

sector and

media

industry. Shares are down 29.6% year to date as of the close of trading on Monday.

Focus Media Holding Limited, a multi-platform digital media company, operates liquid crystal display (LCD) network using audiovisual digital displays in China. The company has a P/E ratio of 25.2, above the average media industry P/E ratio of 12.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Focus Media 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, solid stock price performance, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Focus Media Ratings Report

.

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