SXC Health Rises On Unusually High Volume (SXCI)

NEW YORK ( TheStreet) -- SXC Health Solutions Corporation (Nasdaq: SXCI) is trading at unusually high volume Wednesday with seven million shares changing hands. It is currently at 16.8 times its average daily volume and trading up $6.60 (+8.2%) at $86.87 as of 11:05 a.m. ET.

SXC Health has a market cap of $4.89 billion and is part of the technology sector and computer software & services industry. Shares are up 42.1% year to date as of the close of trading on Tuesday.

SXC Health Solutions Corp. provides pharmacy benefit management (PBM) services and healthcare information technology solutions to the healthcare benefits management industry in North America. The company has a P/E ratio of 53.7, above the average computer software & services industry P/E ratio of 53.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates SXC Health as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, 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 shows low profit margins. You can view the full SXC Health Ratings Report.

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

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