MetroPCS Communications (NYSE:PCS) is trading at unusually high volume Thursday with 75.4 million shares changing hands. It is currently at 9.7 times its average daily volume and trading up 27 cents (+2.2%).
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) -- MetroPCS Communications (NYSE: PCS) is trading at unusually high volume Thursday with 75.4 million shares changing hands. It is currently at 9.7 times its average daily volume and trading up 27 cents (+2.2%) at $12.51 as of 3:36 p.m. ET.
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MetroPCS has a market cap of $4.93 billion and is part of the technology sector and telecommunications industry. Shares are up 63.1% year to date as of the close of trading on Wednesday. MetroPCS Communications, Inc., a wireless telecommunications carrier, together with its subsidiaries, provides wireless broadband mobile services in the United States. The company has a P/E ratio of 15.1, above the average telecommunications industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates MetroPCS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full MetroPCS 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.
MetroPCS Communications (NYSE:PCS) hit a new 52-week high Thursday as it is currently trading at $16.62, above its previous 52-week high of $14.51 with 155,204 shares traded as of 9:31 a.m. ET. Average volume has been 10.6 million shares over the past 30 days.