Logitech International S.A Rises On Unusually High Volume (LOGI)
Logitech International S.A (Nasdaq:LOGI) is trading at unusually high volume Friday with 1.9 million shares changing hands. It is currently at four times its average daily volume and trading up 50 cents (+5.3%).
NEW YORK ( TheStreet) -- Logitech International S.A (Nasdaq: LOGI) is trading at unusually high volume Friday with 1.9 million shares changing hands. It is currently at four times its average daily volume and trading up 50 cents (+5.3%) at $9.96 as of 12 p.m. ET. Logitech International S.A has a market cap of $1.34 billion and is part of the technology sector and computer hardware industry. Shares are up 21.6% year to date as of the close of trading on Thursday. Logitech International S.A. designs, manufactures, and markets hardware and software products that enable digital navigation, music and video entertainment, gaming, social networking, audio, and video communication over the Internet, video security, and home-entertainment control. The company has a P/E ratio of 30, above the average computer hardware industry P/E ratio of 28.9 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Logitech International S.A as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Logitech International S.A Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.