Casey's General Stores Rises On Unusually High Volume (CASY)
Casey's General Stores (Nasdaq:CASY) is trading at unusually high volume Friday with one million shares changing hands. It is currently at four times its average daily volume and trading up 77 cents (+2.1%).
NEW YORK ( TheStreet) -- Casey's General Stores (Nasdaq: CASY) is trading at unusually high volume Friday with one million shares changing hands. It is currently at four times its average daily volume and trading up 77 cents (+2.1%) at $36.76 as of 1:20 p.m. ET. Casey's General Stores has a market cap of $1.4 billion and is part of the services sector and retail industry. Shares are down 15.3% year to date as of the close of trading on Thursday. Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the names of Casey's General Store , HandiMart , and Just Diesel in the Midwestern states. The company has a P/E ratio of 17.4, below the average retail industry P/E ratio of 17.8 and above the S&P 500 P/E ratio of 15.6. TheStreet Ratings rates Casey's General Stores as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Casey's General Stores Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.