Shire Rises On Unusually High Volume (SHPG)

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) -- Shire (Nasdaq: SHPG) is trading at unusually high volume Thursday with 1.1 million shares changing hands. It is currently at two times its average daily volume and trading up $4.68 (+5.3%) at $93.42 as of 1:47 p.m. ET.

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Shire has a market cap of $16.24 billion and is part of the health care sector and drugs industry. Shares are down 6.1% year to date as of the close of trading on Wednesday.

Shire plc, a specialty biopharmaceutical company, engages in the research and development, manufacture, sale, and distribution of pharmaceutical products. It operates in three segments: Specialty Pharmaceuticals (SP), Human Genetic Therapies (HGT), and Regenerative Medicine (RM). The company has a P/E ratio of 22, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Shire 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Shire Ratings Report.

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