MetroPCS Communications (NYSE:PCS) is trading at unusually high volume Thursday with 13.1 million shares changing hands. It is currently at two times its average daily volume and trading up 50 cents (+4.8%).
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) -- MetroPCS Communications (NYSE: PCS) is trading at unusually high volume Thursday with 13.1 million shares changing hands. It is currently at two times its average daily volume and trading up 50 cents (+4.8%) at $11.03 as of 1:21 p.m. ET.
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MetroPCS has a market cap of $3.93 billion and is part of the technology sector and telecommunications industry. Shares are up 5.9% year to date as of the close of trading on Wednesday. MetroPCS Communications, Inc., a wireless telecommunications carrier, together with its subsidiaries, provides wireless broadband mobile services in the United States. The company has a P/E ratio of 10, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates MetroPCS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full MetroPCS 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.
MetroPCS Communications (NYSE:PCS) hit a new 52-week high Thursday as it is currently trading at $16.62, above its previous 52-week high of $14.51 with 155,204 shares traded as of 9:31 a.m. ET. Average volume has been 10.6 million shares over the past 30 days.