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.

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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