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Illumina Rises On Unusually High Volume (ILMN)

By TheStreet Wire 10/02/12 - 10:44 AM EDT

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

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) -- Illumina (Nasdaq:ILMN) is trading at unusually high volume Tuesday with 4.8 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $2.98 (+6.1%) at $52.01 as of 10:20 a.m. ET.

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Illumina has a market cap of $5.93 billion and is part of the health care sector and drugs industry. Shares are up 60.9% year to date as of the close of trading on Monday.

Illumina, Inc. develops, manufactures, and markets life science tools and integrated systems for the analysis of genetic variation and biological function in North America, Europe, Latin America, the Asia-Pacific, the Middle East, and South Africa. The company has a P/E ratio of 77.7, above the average drugs industry P/E ratio of 76.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Illumina as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, premium valuation and deteriorating net income. You can view the full Illumina Ratings Report.

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

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