Qihoo 360 Technology Rises On Unusually High Volume (QIHU)

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) -- Qihoo 360 Technology (NYSE: QIHU) is trading at unusually high volume Monday with four million shares changing hands. It is currently at two times its average daily volume and trading up $2.71 (+6.6%) at $43.76 as of 11:36 a.m. ET.

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Qihoo 360 Technology has a market cap of $5.01 billion and is part of the technology sector and internet industry. Shares are up 38.3% year to date as of the close of trading on Friday.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. The company has a P/E ratio of 107.4, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Qihoo 360 Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Qihoo 360 Technology Ratings Report.

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