NEW YORK (
TheStreet) --
Baidu (Nasdaq:
BIDU) is trading at unusually high volume Tuesday with 8.1 million shares changing hands. It is currently at two times its average daily volume and trading up $3.35 (+3.3%) at $104.94 as of 2:21 p.m. ET.
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Baidu has a market cap of $33.87 billion and is part of the technology sector and internet industry. Shares are down 3.4% year to date as of the close of trading on Monday.
Baidu, Inc. provides Internet search services.
TheStreet Ratings rates
Baidu as a
buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, expanding profit margins, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full
Baidu Ratings Report.
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