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Charm Stock Soars (CHRM)

By TheStreet Wire 06/07/12 - 12:17 PM EDT

Find out if (CHRM) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Charm Communications (Nasdaq:CHRM) have taken a tremendous swing upward. The stock is trading at $8 as of 11:47 a.m. ET, 24.2% above Wednesday's closing price of $6.44. Volume is at 14,218, 1.5 times the daily average of 9,500.

Charm has a market cap of $251.4 million and is part of the services sector and media industry. Shares are down 25.7% year to date as of the close of trading on Wednesday.

Charm Communications Inc. operates as an advertising agency in China. The company offers a range of advertising agency services from planning and managing the advertising campaigns to creating and placing the advertisements. The company has a P/E ratio of 6.9, below the average media industry P/E ratio of 14 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Charm as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, a generally disappointing performance in the stock itself and poor profit margins. You can view the full Charm Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

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