Sony (SNE) Trading With Heavy Volume Before Market Open

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.

Trade-Ideas LLC identified Sony ( SNE) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Sony as such a stock due to the following factors:

  • SNE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $46.7 million.
  • SNE traded 201,104 shares today in the pre-market hours as of 8:17 AM, representing 13.9% of its average daily volume.

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More details on SNE:

Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. SNE has a PE ratio of 9. Currently there are 3 analysts that rate Sony a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Sony has been 1.8 million shares per day over the past 30 days. Sony has a market cap of $35.2 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 49.7% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Sony as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:
  • Powered by its strong earnings growth of 208.69% and other important driving factors, this stock has surged by 72.64% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, SNE should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Household Durables industry. The net income increased by 219.1% when compared to the same quarter one year prior, rising from $261.76 million to $835.33 million.
  • SONY CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, SONY CORP swung to a loss, reporting -$1.22 versus $0.30 in the prior year. This year, the market expects an improvement in earnings ($1.23 versus -$1.22).
  • The current debt-to-equity ratio, 0.42, is low and is below the industry average, implying that there has been successful management of debt levels. Despite the fact that SNE's debt-to-equity ratio is low, the quick ratio, which is currently 0.66, displays a potential problem in covering short-term cash needs.
  • SNE, with its decline in revenue, underperformed when compared the industry average of 6.1%. Since the same quarter one year prior, revenues slightly dropped by 9.8%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

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