Convergys Corporation (NYSE:CVG) is trading at unusually high volume Thursday with 3.6 million shares changing hands. It is currently at four times its average daily volume and trading up $1.28 (+10.1%).
NEW YORK ( TheStreet) -- Convergys Corporation (NYSE: CVG) is trading at unusually high volume Thursday with 3.6 million shares changing hands. It is currently at four times its average daily volume and trading up $1.28 (+10.1%) at $13.99 as of 3:55 p.m. ET. Convergys has a market cap of $1.6 billion and is part of the technology sector and computer software & services industry. Shares are up 0.1% year to date as of the close of trading on Wednesday. Convergys Corporation provides relationship management solutions in North America and internationally. It operates in two segments, Customer Management and Information Management. The company has a P/E ratio of 4.8, below the average computer software & services industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Convergys as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Convergys 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.