2. As of noon trading, Mercadolibre ( MELI) is down $1.91 (-1.6%) to $116.90 on light volume Thus far, 194,013 shares of Mercadolibre exchanged hands as compared to its average daily volume of 570,300 shares. The stock has ranged in price between $115.71-$118.25 after having opened the day at $117.77 as compared to the previous trading day's close of $118.81.

MercadoLibre, Inc. hosts online commerce platforms in Latin America. Its services are designed to provide users with mechanisms for buying, selling, paying, collecting, generating leads, and comparing listings through e-commerce transactions. Mercadolibre has a market cap of $5.2 billion and is part of the technology sector. The company has a P/E ratio of 52.5, above the S&P 500 P/E ratio of 17.7. Shares are up 50.3% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Mercadolibre a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Mercadolibre as a buy. 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, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Mercadolibre Ratings Report now.

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