Concur Stock Falls On Unusually High Volume (CNQR)
Concur Technologies (Nasdaq:CNQR) is trading at unusually high volume Wednesday with one million shares changing hands. It is currently at 2.1 times its average daily volume and trading down $4.08 (-4.9%).
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) -- Concur Technologies (Nasdaq: CNQR) is trading at unusually high volume Wednesday with one million shares changing hands. It is currently at 2.1 times its average daily volume and trading down $4.08 (-4.9%) at $79.19 as of 3:55 p.m. ET.
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Concur has a market cap of $4.58 billion and is part of the technology sector and computer software & services industry. Shares are up 21.4% year to date as of the close of trading on Tuesday. Concur Technologies, Inc. provides integrated travel and expense management solutions for companies of various industries, sizes, and geographies worldwide. TheStreet Ratings rates Concur as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Concur 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.