Today's Pre-Market Trading Very Positive For Baidu (BIDU)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Baidu ( BIDU) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Baidu as such a stock due to the following factors:

  • BIDU has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $474.8 million.
  • BIDU traded 14,077 shares today in the pre-market hours as of 7:46 AM.
  • BIDU is up 2.3% today from yesterday's close.

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More details on BIDU:

Baidu, Inc. provides Internet search services. BIDU has a PE ratio of 30.2. Currently there are 10 analysts that rate Baidu a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Baidu has been 3.3 million shares per day over the past 30 days. Baidu has a market cap of $66.3 billion and is part of the technology sector and internet industry. Shares are up 6.5% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com Analysis:

TheStreet Quant 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, increase in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

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