DigitalGlobe Stock Falls On Unusually High Volume (DGI)

NEW YORK ( TheStreet) -- DigitalGlobe (NYSE: DGI) is trading at unusually high volume Friday with 1.3 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 45 cents (-3.5%) at $12.51 as of 2:25 p.m. ET.

DigitalGlobe has a market cap of $753.7 million and is part of the technology sector and computer software & services industry. Shares are down 24.3% year to date as of the close of trading on Thursday.

DigitalGlobe, Inc. provides commercial earth imagery products and solutions. The company collects its imagery products and services via its three high-resolution imagery satellites.

TheStreet Ratings rates DigitalGlobe as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full DigitalGlobe Ratings Report.

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