Ellie Mae Rises On Unusually High Volume (ELLI)

NEW YORK ( TheStreet) -- Ellie Mae (NYSE: ELLI) is trading at unusually high volume Friday with 1.4 million shares changing hands. It is currently at 7.5 times its average daily volume and trading up 79 cents (+5.1%) at $16.29 as of 4:06 p.m. ET.

Ellie Mae has a market cap of $355.3 million and is part of the technology sector and computer software & services industry. Shares are up 201.2% year to date as of the close of trading on Thursday.

Ellie Mae, Inc., together with its subsidiaries, provides business automation software for the mortgage industry in the United States. The company has a P/E ratio of 29.4, below the average computer software & services industry P/E ratio of 43.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ellie Mae as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Ellie Mae 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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