BIDU Surging In Early Trading

Baidu, Inc. (BIDU) is squeezeing higher this morning, gaining $1.41, or 1.50%, to $100.20. Ticker’s early strength being attributed to a South China Morning Post article that says “Baidu is on track to record revenue of about 2.4 billion yuan (HK$2.8 billion) this fourth quarter as a result of its growing customer base and online advertising business.”

Baidu Inc., whose shares over the last 52 weeks have gained nearly 143%, currently trades at a trailing P/E of 83.84, a forward multiple of 42.38 and a P/E to Growth ratio of 1.18.

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