Demand Media Rises On Unusually High Volume (DMD)

NEW YORK ( TheStreet) -- Demand Media (NYSE: DMD) is trading at unusually high volume Friday with 1.9 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 27 cents (+2.6%) at $10.57 as of 4:07 p.m. ET.

Demand Media has a market cap of $890.3 million and is part of the technology sector and internet industry. Shares are up 54.9% year to date as of the close of trading on Thursday.

Demand Media, Inc., together with its subsidiaries, identifies, creates, distributes, and monetizes in-demand and long-lived content formats.

TheStreet Ratings rates Demand Media as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Demand Media Ratings Report.

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