NEW YORK ( TheStreet) -- Shutterfly Incorporated (Nasdaq: SFLY) is trading at unusually high volume Friday with 2.2 million shares changing hands. It is currently at 6.4 times its average daily volume and trading up $1.13 (+2.8%) at $42.23 as of four p.m. ET.

Shutterfly has a market cap of $1.1 billion and is part of the services sector and diversified services industry. Shares are up 17.8% year to date as of the close of trading on Thursday.

Shutterfly, Inc. provides an Internet-based social expression and personal publishing service that enables consumers to share, print, and preserve their memories through the medium of photography. The company has a P/E ratio of 68.2, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 15.6.

TheStreet Ratings rates Shutterfly as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Shutterfly Ratings Report.

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