Ancestry.com Rises On Unusually High Volume (ACOM)

NEW YORK ( TheStreet) -- Ancestry.com (Nasdaq: ACOM) is trading at unusually high volume Friday with two million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 81 cents (+2.4%) at $34.78 as of 3:07 p.m. ET.

Ancestry.com has a market cap of $1.5 billion and is part of the technology sector and internet industry. Shares are up 19.9% year to date as of the close of trading on Thursday.

Ancestry.Com Inc. operates as an online resource for family history for subscribers worldwide. The company has a P/E ratio of 47.5, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Ancestry.com as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Ancestry.com Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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