Infosys Rises On Unusually High Volume (INFY)

NEW YORK ( TheStreet) -- Infosys (NYSE: INFY) is trading at unusually high volume Friday with 3.8 million shares changing hands. It is currently at two times its average daily volume and trading up $2.74 (+6.2%) at $46.78 as of 11:20 a.m. ET.

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Infosys has a market cap of $24.33 billion and is part of the technology sector and computer software & services industry. Shares are up 0.7% year to date as of the close of trading on Thursday.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide.

TheStreet Ratings rates Infosys as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity. You can view the full Infosys Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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