Infosys Rises On Unusually High Volume (INFY)

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) -- Infosys (NYSE: INFY) is trading at unusually high volume Thursday with 3.5 million shares changing hands. It is currently at two times its average daily volume and trading up $1.33 (+2.5%) at $54.33 as of 4 p.m. ET.

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Infosys has a market cap of $29.42 billion and is part of the technology sector and computer software & services industry. Shares are up 25.3% year to date as of the close of trading on Wednesday.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. The company has a P/E ratio of 17.2, below the S&P 500 P/E ratio of 17.7.

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. You can view the full Infosys 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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