Qihoo 360 Technology Stock Falls On Unusually High Volume (QIHU)
Qihoo 360 Technology (NYSE:QIHU) is trading at unusually high volume Wednesday with 4.7 million shares changing hands. It is currently at two times its average daily volume and trading down $2.91 (-8.4%).
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) -- Qihoo 360 Technology (NYSE: QIHU) is trading at unusually high volume Wednesday with 4.7 million shares changing hands. It is currently at two times its average daily volume and trading down $2.91 (-8.4%) at $31.91 as of 12:31 p.m. ET.
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Qihoo 360 Technology has a market cap of $3.91 billion and is part of the technology sector and internet industry. Shares are up 17.3% year to date as of the close of trading on Tuesday. Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. The company has a P/E ratio of 96.3, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Qihoo 360 Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Qihoo 360 Technology 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.