VeriFone Systems Rises On Unusually High Volume (PAY)

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) -- VeriFone Systems (NYSE: PAY) is trading at unusually high volume Friday with 5.4 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 76 cents (+4.2%) at $19 as of 10:26 a.m. ET.

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VeriFone Systems has a market cap of $3.44 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 7.4% year to date as of the close of trading on Thursday.

Verifone Systems, Inc. designs, markets, and services electronic payment solutions worldwide. The company has a P/E ratio of 54.1, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates VeriFone Systems as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full VeriFone Systems Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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