NEW YORK ( TheStreet) -- Shares of Convio (Nasdaq: CNVO) have taken a tremendous swing upward. The stock is trading at $15.90 as of 9:30 a.m. ET, 48% above Friday's closing price of $10.74. Volume is at 1.5 million, 38.6 times the daily average of 39,900. Convio has a market cap of $193.4 million and is part of the technology sector and computer software & services industry. Shares are down 2.9% year to date as of the close of trading on Friday. Convio, Inc. provides on-demand constituent engagement solutions that enable nonprofit organizations (NPOs) to raise funds, advocate for change, and cultivate relationships with donors, activists, volunteers, alumni, and other constituents in North America. The company has a P/E ratio of 89.5, above the average computer software & services industry P/E ratio of 81 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Convio as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we find that net income has been generally deteriorating over time. You can view the full Convio Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
Convio (Nasdaq:CNVO) hit a new 52-week high Thursday as it is currently trading at $16.08, above its previous 52-week high of $16.06 with 104,670 shares traded as of 3:53 p.m. ET. Average volume has been 260,700 shares over the past 30 days.
Convio (Nasdaq:CNVO) hit a new 52-week high Wednesday as it is currently trading at $16.02, above its previous 52-week high of $15.98 with 605,229 shares traded as of 11:46 a.m. ET. Average volume has been 321,300 shares over the past 30 days.