Ancestry.com Stock Soars (ACOM)

NEW YORK ( TheStreet) -- Shares of Ancestry.com (Nasdaq: ACOM) have taken a tremendous swing upward. The stock is trading at $27.65 as of 2:55 p.m. ET, 20.9% above Wednesday's closing price of $22.87. Volume is at 2.7 million, three times the daily average of 900,600.

Ancestry.com has a market cap of $1.02 billion and is part of the technology sector and internet industry. Shares are down 0.4% year to date as of the close of trading on Wednesday.

Ancestry.com Inc. operates as an online family history resource for subscribers worldwide. The company has a P/E ratio of 19.8, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ancestry.com as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Ancestry.com Ratings Report.

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