Digital River Stock Falls On Unusually High Volume (DRIV)

NEW YORK ( TheStreet) -- Digital River (Nasdaq: DRIV) is trading at unusually high volume Friday with 1.7 million shares changing hands. It is currently at four times its average daily volume and trading down $1.62 (-8.7%) at $16.95 as of 3:05 p.m. ET.

Digital River has a market cap of $682.8 million and is part of the technology sector and internet industry. Shares are up 23.2% year to date as of the close of trading on Thursday.

Digital River, Inc. provides end-to-end global cloud-commerce and marketing solutions. The company offers a range of services that enables its customers to establish an online sales channel. The company has a P/E ratio of 40.2, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Digital River as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels 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 and unimpressive growth in net income. You can view the full Digital River 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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