Knology Rises On Unusually High Volume (KNOL)

NEW YORK ( TheStreet) -- Knology (Nasdaq: KNOL) is trading at unusually high volume Wednesday with 1.4 million shares changing hands. It is currently at 6.3 times its average daily volume and trading up $1.30 (+7.2%) at $19.35 as of 9:50 a.m. ET.

Knology has a market cap of $680.4 million and is part of the technology sector and telecommunications industry. Shares are up 27.1% year to date as of the close of trading on Tuesday.

Knology, Inc. provides video, voice, data, and communications services to residential and business customers in the southeastern and midwestern United States. The company has a P/E ratio of 14.3, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Knology as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Knology Ratings Report.

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