Realpage Stock Falls On Unusually High Volume (RP)

NEW YORK ( TheStreet) -- Realpage (Nasdaq: RP) is trading at unusually high volume Thursday with 793,655 shares changing hands. It is currently at 4.3 times its average daily volume and trading down $2.83 (-10.6%) at $23.80 as of 1:15 p.m. ET.

Realpage has a market cap of $1.96 billion and is part of the technology sector and computer software & services industry. Shares are up 5.4% year to date as of the close of trading on Wednesday.

RealPage, Inc. provides property management software solutions for the rental housing industry in the North America. The company's solutions enable owners and managers to manage their marketing, pricing, screening, leasing, accounting, purchasing, and other property operations.

TheStreet Ratings rates Realpage 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 largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that net income has been generally deteriorating over time. You can view the full Realpage Ratings Report.

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