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) -- NetEase (Nasdaq: NTES) is trading at unusually high volume Thursday with 2.2 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $3.37 (+7.4%) at $49 as of 2:25 p.m. ET.
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NetEase has a market cap of $5.98 billion and is part of the technology sector and internet industry. Shares are up 7.5% year to date as of the close of trading on Wednesday. NetEase, Inc., through its subsidiaries, engages in online games, Internet portal, and wireless value-added services businesses in China. It operates an online community and offers Chinese language content and services. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates NetEase 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, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full NetEase Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.