P.F. Chang's China Bistro Rises On Unusually High Volume (PFCB)

NEW YORK ( TheStreet) -- P.F. Chang's China Bistro (Nasdaq: PFCB) is trading at unusually high volume Tuesday with 2.3 million shares changing hands. It is currently at 4.5 times its average daily volume and trading up $11.93 (+30.1%) at $51.62 as of 9:30 a.m. ET.

P.F. Chang's China Bistro has a market cap of $865.3 million and is part of the services sector and leisure industry. Shares are up 28.4% year to date as of the close of trading on Monday.

P.F. Chang's China Bistro, Inc., through its subsidiaries, engages in the ownership and operation of restaurants in the United States. The company owns and operates two restaurant concepts, P.F. Chang's China Bistro and Pei Wei Asian Diner. The company has a P/E ratio of 30, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates P.F. Chang's China Bistro as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full P.F. Chang's China Bistro Ratings Report.

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