Lender Processing Services Rises On Unusually High Volume (LPS)
Lender Processing Services (NYSE:LPS) is trading at unusually high volume Tuesday with 3.2 million shares changing hands. It is currently at 3.2 times its average daily volume and trading up 82 cents (+2.5%).
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) -- Lender Processing Services (NYSE: LPS) is trading at unusually high volume Tuesday with 3.2 million shares changing hands. It is currently at 3.2 times its average daily volume and trading up 82 cents (+2.5%) at $33.71 as of 9:31 a.m. ET.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Lender Processing Services has a market cap of $2.8 billion and is part of the services sector and diversified services industry. Shares are up 34% year to date as of the close of trading on Friday. Lender Processing Services, Inc. provides integrated technology, data, and services to the mortgage lending industry in the United States. The company operates in two segments, Technology, Data, and Analytics; and Transaction Services. The company has a P/E ratio of 33.3, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Lender Processing Services as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Lender Processing Services 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.