Concur Rises On Unusually High Volume (CNQR)

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) -- Concur Technologies (Nasdaq: CNQR) is trading at unusually high volume Monday with 974,135 shares changing hands. It is currently at 2.1 times its average daily volume and trading up $2.20 (+3.3%) at $67.99 as of 12:25 p.m. ET.

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Concur has a market cap of $3.63 billion and is part of the technology sector and computer software & services industry. Shares are down 3.4% year to date as of the close of trading on Friday.

Concur Technologies, Inc. provides integrated travel and expense management solutions for companies of various industries, sizes, and geographies worldwide.

TheStreet Ratings rates Concur as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Concur 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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