Scripps Networks Interactive Rises On Unusually High Volume (SNI)
Scripps Networks Interactive (NYSE:SNI) is trading at unusually high volume Tuesday with 1.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.34 (+2.3%).
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) -- Scripps Networks Interactive (NYSE: SNI) is trading at unusually high volume Tuesday with 1.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.34 (+2.3%) at $59.12 as of 4:04 p.m. ET.
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Scripps Networks Interactive has a market cap of $6.74 billion and is part of the services sector and media industry. Shares are up 0.7% year to date as of the close of trading on Monday. Scripps Networks Interactive, Inc. operates as a lifestyle content company in the United States and internationally. It engages in the operation of television networks, including Home and Garden Television, Food Network, Travel Channel, DIY Network, Cooking Channel, and Great American Country. The company has a P/E ratio of 17.8, equal to the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Scripps Networks Interactive as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Scripps Networks Interactive Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.