Scholastic Rises On Unusually High Volume (SCHL)

NEW YORK ( TheStreet) -- Scholastic Corporation (Nasdaq: SCHL) is trading at unusually high volume Thursday with 834,211 shares changing hands. It is currently at 4.6 times its average daily volume and trading up $5.05 (+15.7%) at $37.25 as of 10:40 a.m. ET.

Scholastic has a market cap of $839.3 million and is part of the services sector and media industry. Shares are up 7.4% year to date as of the close of trading on Wednesday.

Scholastic Corporation, together with its subsidiaries, operates as a children's publishing, education, and media company primarily in the United States. The company has a P/E ratio of 16.7, below the average media industry P/E ratio of 17.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Scholastic as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Scholastic Ratings Report.

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