Mercadolibre Rises On Unusually High Volume (MELI)

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) -- Mercadolibre (Nasdaq: MELI) is trading at unusually high volume Tuesday with 1.6 million shares changing hands. It is currently at 3.1 times its average daily volume and trading up $15.02 (+14.4%) at $118.97 as of 10:41 a.m. ET.

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Mercadolibre has a market cap of $4.59 billion and is part of the services sector and retail industry. Shares are up 32.4% year to date as of the close of trading on Monday.

MercadoLibre, Inc. hosts online commerce platforms in Latin America. Its services are designed to provide users with mechanisms for buying, selling, paying, collecting, generating leads, and comparing listings through e-commerce transactions. The company has a P/E ratio of 45.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Mercadolibre as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Mercadolibre Ratings Report.

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