2. As of noon trading, Mercadolibre ( MELI) is down $2.54 (-2.4%) to $101.77 on average volume. Thus far, 265,475 shares of Mercadolibre exchanged hands as compared to its average daily volume of 584,000 shares. The stock has ranged in price between $101.34-$104.51 after having opened the day at $103.36 as compared to the previous trading day's close of $104.31. 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 $4.5 billion and is part of the services sector. The company has a P/E ratio of 42.6, above the S&P 500 P/E ratio of 17.7. Shares are up 32.8% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Mercadolibre a buy, 2 analysts rate 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, growth in earnings per share, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Mercadolibre Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.