Stamps.com: Stock Has Doubled Since June, Hits All Time High

September 20, 2011 1:38 am

We have written about stocks that have shown sudden drops and jumps before – we spotted this today:

“One real barn-burner of a stock to keep an eye on is Stamps.com. The company provides postage printing services and its shares hit an all-time high of $25.24 today, but closed at $23.78.

Stamps.com has doubled since June, but doesn’t appear to be wildly overvalued. It trades for 19.6 times expected 2011 earnings and sales grew 25.7% in the most recent quarter. Net income was up 503%. It’s a small-cap with a $339 million market capitalization, plus it has a small float of 11.7 million shares so moves tend to be amplified.”

Statistics Source: Forbes

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