Aerovironment Rises On Unusually High Volume (AVAV)
NEW YORK (
) --
(Nasdaq:
) is trading at unusually high volume Monday with 616,888 shares changing hands. It is currently at four times its average daily volume and trading up $1.59 (+5.5%) at $30.35 as of 3 p.m. ET.
Aerovironment has a market cap of $641 million and is part of the
sector and
industry. Shares are down 8.6% year to date as of the close of trading on Friday.
AeroVironment, Inc. designs, develops, produces, and supports unmanned aircraft systems, and efficient energy systems for various industries and governmental agencies. The company has a P/E ratio of 17.2, below the average aerospace/defense industry P/E ratio of 17.9 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Aerovironment as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full
.
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