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) -- Pitney Bowes (NYSE: PBI) is trading at unusually high volume Friday with 7.5 million shares changing hands. It is currently at two times its average daily volume and trading up 86 cents (+5.7%) at $15.92 as of 3:26 p.m. ET.
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Pitney Bowes has a market cap of $2.97 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 41.6% year to date as of the close of trading on Thursday. Pitney Bowes Inc. provides software, hardware, and services to enable physical and digital communications in the United States and internationally. The company has a P/E ratio of 6.8, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Pitney Bowes as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Pitney Bowes Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. 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.