Euronet Worldwide Rises On Unusually High Volume (EEFT)

NEW YORK ( TheStreet) -- Euronet Worldwide (Nasdaq: EEFT) is trading at unusually high volume Friday with 852,771 shares changing hands. It is currently at 4.1 times its average daily volume and trading up 51 cents (+2.4%) at $21.50 as of 3:55 p.m. ET.

Euronet Worldwide has a market cap of $1.07 billion and is part of the services sector and diversified services industry. Shares are up 13.6% year to date as of the close of trading on Thursday.

Euronet Worldwide, Inc. provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers. The company operates in three segments: EFT Processing, epay, and Money Transfer. The company has a P/E ratio of 28.7, below the average diversified services industry P/E ratio of 29.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Euronet Worldwide as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Euronet Worldwide 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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