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 Tuesday with 8.2 million shares changing hands. It is currently at two times its average daily volume and trading up $1.22 (+6%) at $21.68 as of 3:31 p.m. ET.

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VeriFone Systems has a market cap of $2.18 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 31.1% year to date as of the close of trading on Monday.

Verifone Systems, Inc. designs, markets, and services electronic payment solutions worldwide. The company has a P/E ratio of 38.8, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates VeriFone Systems as a hold. 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 and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. 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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