Computer Sciences Rises On Unusually High Volume (CSC)
Computer Sciences Corporation (NYSE:CSC) is trading at unusually high volume Wednesday with 3.1 million shares changing hands. It is currently at two times its average daily volume and trading up 98 cents (+2.1%).
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) -- Computer Sciences Corporation (NYSE: CSC) is trading at unusually high volume Wednesday with 3.1 million shares changing hands. It is currently at two times its average daily volume and trading up 98 cents (+2.1%) at $48.60 as of 4 p.m. ET.
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Computer Sciences has a market cap of $7.32 billion and is part of the technology sector and computer software & services industry. Shares are up 18.9% year to date as of the close of trading on Tuesday. Computer Sciences Corporation provides information technology (IT) and professional services to governments and commercial enterprises. The company has a P/E ratio of 35.3, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Computer Sciences as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, 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 also find weaknesses including weak operating cash flow and poor profit margins. You can view the full Computer Sciences 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.