Intuit Rises On Unusually High Volume (INTU)

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) -- Intuit (Nasdaq: INTU) is trading at unusually high volume Wednesday with five million shares changing hands. It is currently at two times its average daily volume and trading up $1.18 (+2%) at $59.07 as of 2:10 p.m. ET.

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Intuit has a market cap of $17.68 billion and is part of the technology sector and computer software & services industry. Shares are up 0.3% year to date as of the close of trading on Tuesday.

Intuit Inc. provides business and financial management solutions for small businesses, consumers, accounting professionals, and financial institutions primarily in the United States, Canada, the United Kingdom, India, and Singapore. The company has a P/E ratio of 25.1, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Intuit as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, 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 sub par growth in net income. You can view the full Intuit Ratings Report.

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