Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified

QIWI

(

QIWI

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified QIWI as such a stock due to the following factors:

  • QIWI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $11.7 million.
  • QIWI has traded 59,957 shares today.
  • QIWI is trading at 2.39 times the normal volume for the stock at this time of day.
  • QIWI is trading at a new high 3.00% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in QIWI with the Ticky from Trade-Ideas. See the FREE profile for QIWI NOW at Trade-Ideas

More details on QIWI:

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in Russia, Kazakhstan, Moldova, Belarus, Romania, the United States, and the United Arab Emirates. The stock currently has a dividend yield of 6.4%. QIWI has a PE ratio of 18.6. Currently there are 3 analysts that rate QIWI a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for QIWI has been 421,900 shares per day over the past 30 days. QIWI has a market cap of $1.2 billion and is part of the financial sector and financial services industry. Shares are up 7.2% year-to-date as of the close of trading on Monday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates QIWI as a

sell

. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

Highlights from the ratings report include:

  • QIWI's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 42.67%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
  • QIWI, with its decline in revenue, slightly underperformed the industry average of 19.9%. Since the same quarter one year prior, revenues fell by 28.5%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • QIWI's debt-to-equity ratio is very low at 0.18 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.31, which illustrates the ability to avoid short-term cash problems.
  • In comparison to other companies in the IT Services industry and the overall market on the basis of return on equity, QIWI PLC -ADR has underperformed in comparison with the industry average, but has greatly exceeded that of the S&P 500.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

null