BGC Rises On Unusually High Volume (BGCP)

NEW YORK ( TheStreet) -- BGC Partners (Nasdaq: BGCP) is trading at unusually high volume Friday with 3.5 million shares changing hands. It is currently at four times its average daily volume and trading up 66 cents (+9.4%) at $7.67 as of 12:55 p.m. ET.

BGC has a market cap of $607.9 million and is part of the financial sector and financial services industry. Shares are up 18.4% year to date as of the close of trading on Thursday.

BGC Partners, Inc. operates as a financial intermediary to the financial markets specializing in the brokering of various financial products. The company has a P/E ratio of 25.1, above the average financial services industry P/E ratio of 22.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates BGC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full BGC Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
null