International Game Technology Rises On Unusually High Volume (IGT)

NEW YORK ( TheStreet) -- International Game Technology (NYSE: IGT) is trading at unusually high volume Thursday with 13.7 million shares changing hands. It is currently at four times its average daily volume and trading up $1.81 (+13.7%) at $15.03 as of 3:40 p.m. ET.

International Game Technology has a market cap of $3.99 billion and is part of the technology sector and computer software & services industry. Shares are down 20.7% year to date as of the close of trading on Wednesday.

International Game Technology engages in the design, development, manufacture, and marketing of electronic gaming equipment and systems worldwide. The company has a P/E ratio of 15.4, below the average computer software & services industry P/E ratio of 16.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Game Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full International Game Technology 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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