DISH Network Rises On Unusually High Volume (DISH)

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) -- DISH Network (Nasdaq: DISH) is trading at unusually high volume Friday with 5.2 million shares changing hands. It is currently at two times its average daily volume and trading up 92 cents (+2.7%) at $35.15 as of 4 p.m. ET.

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DISH Network has a market cap of $7.43 billion and is part of the services sector and media industry. Shares are down 6% year to date as of the close of trading on Thursday.

DISH Network Corporation, together with its subsidiaries, offers direct broadcast satellite subscription television services in the United States. The company has a P/E ratio of 24.6, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates DISH Network as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full DISH Network 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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