2. As of noon trading, Infosys ( INFY) is down $1.29 (-2.4%) to $52.35 on light volume Thus far, 673,797 shares of Infosys exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $52.19-$52.75 after having opened the day at $52.60 as compared to the previous trading day's close of $53.64.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $31.0 billion and is part of the computer software & services industry. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are up 26.8% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Infosys a buy, 4 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Infosys as a buy. 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, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Infosys Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you liked this article you might like

Here Is Why These 5 Emerging-Market Picks Are Poised for Growth

Analysts' Actions -- General Mills, MasterCard, Visa, Valeant and More

Finding the Bullish and Bearish Reversals

Mobile TeleSystems (MBT) Stock Slumps After Q2 Results

3 Hold-Rated Dividend Stocks: MBT, NRZ, GOV