NEW YORK (
) is trading at unusually high volume Tuesday with 6.9 million shares changing hands. It is currently at four times its average daily volume and trading up $4.14 (+6.9%) at $64.46 as of 3:37 p.m. ET.
Sap has a market cap of $74.4 billion and is part of the
industry. Shares are up 19.2% year to date as of the close of trading on Monday.
SAP AG provides business software primarily in Europe, the Middle East, Africa, the Americas, and the Asia Pacific Japan region. The company has a P/E ratio of 30, below the average computer software & services industry P/E ratio of 30.1 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Sap as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
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