IAC/InterActiveCorp Rises On Unusually High Volume (IACI)

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) -- IAC/InterActiveCorp (Nasdaq: IACI) is trading at unusually high volume Friday with 2.1 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.10 (+2.4%) at $46.99 as of 3:46 p.m. ET.

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IAC/InterActiveCorp has a market cap of $3.65 billion and is part of the technology sector and internet industry. Shares are up 7.7% year to date as of the close of trading on Thursday.

IAC/InterActiveCorp engages in the Internet business in the United States and internationally. The company has a P/E ratio of 24.1, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates IAC/InterActiveCorp as a buy. 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, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full IAC/InterActiveCorp Ratings Report.

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