Nike Rises On Unusually High Volume (NKE)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
NEW YORK (TheStreet) -- Nike (NKE">NKE) is trading at unusually high volume Friday with 8.3 million shares changing hands. It is currently at 2.4 times its average daily volume and trading up $1.31 (+2.1%) at $63.63 as of 2:16 p.m. ET.
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Nike has a market cap of $44.26 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 20.8% year to date as of the close of trading on Thursday.
NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessories for men, women, and children worldwide. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Nike as a buy. 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, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Nike Ratings Report.
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