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) -- EMC Corporation (NYSE: EMC) is trading at unusually high volume Thursday with 45.5 million shares changing hands. It is currently at two times its average daily volume and trading up $1.02 (+4.4%) at $24.04 as of 3:56 p.m. ET.
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EMC has a market cap of $48.32 billion and is part of the technology sector and computer hardware industry. Shares are down 9% year to date as of the close of trading on Wednesday. EMC Corporation, together with its subsidiaries, develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates EMC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full EMC 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.