NEW YORK (
) is trading at unusually high volume Wednesday with 1.8 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $6.10 (+8.7%) at $75.95 as of 2:41 p.m. ET.
Herbalife has a market cap of $4.1 billion and is part of the
industry. Shares are up 2.3% year to date as of the close of trading on Tuesday.
Herbalife Ltd., a network marketing company, sells weight management, nutritional supplement, energy, sports and fitness, and personal care products worldwide. The company has a P/E ratio of 16.4, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 23.2.
TheStreet Ratings rates Herbalife as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
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