Conceptus Rises On Unusually High Volume (CPTS)

NEW YORK (TheStreet) -- Conceptus (Nasdaq:CPTS) is trading at unusually high volume Monday with 1.5 million shares changing hands. It is currently at 5.6 times its average daily volume and trading up 26 cents (+2.4%) at $10.95 as of 2:05 p.m. ET.

Conceptus has a market cap of $339 million and is part of the health care sector and health services industry. Shares are down 22.5% year to date as of the close of trading on Friday.

Conceptus, Inc. designs, develops, and markets minimally invasive devices for reproductive medical applications. It offers Essure, a permanent birth control system for women. The company has a P/E ratio of 4.2, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Conceptus as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Conceptus Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.

For more information on Conceptus Inc. click any of the following:

• Conceptus Inc. Stock Price

• Conceptus Inc. Analyst Ratings

• Conceptus Inc. Key Stats & Profile

• Conceptus Inc. Earnings

• Conceptus Inc. Ratio Comparison

• Conceptus Inc. Growth Rates

• Conceptus Inc. Balance Sheet

• Conceptus Inc. Cash Flow

• Conceptus Inc. Income Statement