Salix Pharmaceuticals (Nasdaq:SLXP) is trading at unusually high volume Tuesday with one million shares changing hands. It is currently at two times its average daily volume and trading up $3.10 (+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) -- Salix Pharmaceuticals (Nasdaq: SLXP) is trading at unusually high volume Tuesday with one million shares changing hands. It is currently at two times its average daily volume and trading up $3.10 (+5%) at $65.40 as of 3:05 p.m. ET.
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Salix has a market cap of $3.76 billion and is part of the health care sector and drugs industry. Shares are up 51.5% year to date as of the close of trading on Monday. Salix Pharmaceuticals, Ltd. acquires, develops, and commercializes prescription drugs and medical devices used in the treatment of various gastrointestinal diseases in the United States. The company has a P/E ratio of 50.7, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Salix as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Salix Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..