Syntel Rises On Unusually High Volume (SYNT)

NEW YORK ( TheStreet) -- Syntel (Nasdaq: SYNT) is trading at unusually high volume Thursday with 433,002 shares changing hands. It is currently at four times its average daily volume and trading up $8.11 (+17.9%) at $53.55 as of 2:40 p.m. ET.

Syntel has a market cap of $1.98 billion and is part of the technology sector and computer software & services industry. Shares are down 2.8% year to date as of the close of trading on Wednesday.

Syntel, Inc. provides information technology (IT) and knowledge process outsourcing (KPO) services worldwide. It operates in four segments: Applications Outsourcing, KPO, e-Business, and TeamSourcing. The company has a P/E ratio of 17.7, below the average computer software & services industry P/E ratio of 18.2 and equal to the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Syntel 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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Syntel Ratings Report.

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