NEW YORK ( TheStreet) -- IHS (NYSE: IHS) is trading at unusually high volume Friday with 1.4 million shares changing hands. It is currently at four times its average daily volume and trading up $3.13 (+3.1%) at $104.97 as of 10:10 a.m. ET.
IHS has a market cap of $6.69 billion and is part of the technology sector and computer software & services industry. Shares are up 18.2% year to date as of the close of trading on Thursday. IHS Inc. provides critical information and insight products and services. The company has a P/E ratio of 45.9, below the average computer software & services industry P/E ratio of 50.7 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates IHS as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, 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 has had sub par growth in net income. You can view the full IHS Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.