Ctrip.com International Rises On Unusually High Volume (CTRP)
Ctrip.com International (Nasdaq:CTRP) is trading at unusually high volume Wednesday with 11.4 million shares changing hands. It is currently at four times its average daily volume and trading up 96 cents (+5.5%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Ctrip.com International (Nasdaq: CTRP) is trading at unusually high volume Wednesday with 11.4 million shares changing hands. It is currently at four times its average daily volume and trading up 96 cents (+5.5%) at $18.54 as of 3:50 p.m. ET.
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Ctrip.com International has a market cap of $2.47 billion and is part of the services sector and leisure industry. Shares are down 24.9% year to date as of the close of trading on Tuesday. Ctrip.com International, Ltd., together with its subsidiaries, provides travel services for hotel accommodations, airline tickets, and packaged tours in the People's Republic of China. The company has a P/E ratio of 15.9, above the average leisure industry P/E ratio of 14.8 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Ctrip.com International as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Ctrip.com International Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.