Fleetcor Technologies (NYSE:FLT) is trading at unusually high volume Friday with two million shares changing hands. It is currently at three times its average daily volume and trading up $7.78 (+13.1%).
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) -- Fleetcor Technologies (NYSE: FLT) is trading at unusually high volume Friday with two million shares changing hands. It is currently at three times its average daily volume and trading up $7.78 (+13.1%) at $67.33 as of 12:43 p.m. ET.
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Fleetcor has a market cap of $5.06 billion and is part of the services sector and diversified services industry. Shares are up 11.4% year to date as of the close of trading on Thursday. FleetCor Technologies, Inc. provides specialized payment products and services to businesses, commercial fleets, oil companies, petroleum marketers, and government entities in North America, Europe, South Africa, and Asia. The company has a P/E ratio of 26.3, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Fleetcor as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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 Fleetcor 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.