Concur Stock Falls On Unusually High Volume (CNQR)

NEW YORK ( TheStreet) -- Concur Technologies (Nasdaq: CNQR) is trading at unusually high volume Friday with 2.1 million shares changing hands. It is currently at four times its average daily volume and trading down $1.52 (-2.6%) at $57.22 as of 3:15 p.m. ET.

Concur has a market cap of $2.86 billion and is part of the technology sector and computer software & services industry. Shares are up 6.4% year to date as of the close of trading on Thursday.

Concur Technologies, Inc. provides integrated travel and expense management solutions for companies of various industries, sizes, and geographies.

TheStreet Ratings rates Concur as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Concur Ratings Report.

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