Activision Blizzard Rises On Unusually High Volume (ATVI)

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) -- Activision Blizzard (Nasdaq: ATVI) is trading at unusually high volume Friday with 19.1 million shares changing hands. It is currently at 2.3 times its average daily volume and trading up 89 cents (+7.4%) at $12.95 as of 10:13 a.m. ET.

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Activision Blizzard has a market cap of $13.29 billion and is part of the technology sector and computer software & services industry. Shares are up 12.4% year to date as of the close of trading on Thursday.

Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment worldwide. It develops and publishes PC-based computer games and maintains its proprietary online-game related service, Battle.net. The company has a P/E ratio of 15.3, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Activision Blizzard 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, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Activision Blizzard Ratings Report.

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