Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
NEW YORK (
) is trading at unusually high volume Thursday with 8.8 million shares changing hands. It is currently at two times its average daily volume and trading up $1.10 (+2.3%) at $48.75 as of 1:56 p.m. ET.
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SanDisk has a market cap of $11.59 billion and is part of the technology sector and computer hardware industry. Shares are up 10.2% year to date as of the close of trading on Wednesday.
Sandisk Corporation designs, develops, and manufactures NAND flash memory storage solutions that are used in various consumer electronics products. The company has a P/E ratio of 24.3, above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates SanDisk as a
. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full
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