Garmin Rises On Unusually High Volume (GRMN)
NEW YORK (
) --
(Nasdaq:
) is trading at unusually high volume Wednesday with 4.6 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $3.87 (+8.7%) at $48.56 as of 11:35 a.m. ET.
Garmin has a market cap of $8.07 billion and is part of the
sector and
industry. Shares are up 12.3% year to date as of the close of trading on Tuesday.
Garmin Ltd., through its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products worldwide. The company has a P/E ratio of 17.7, above the average electronics industry P/E ratio of 16.6 and equal to the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Garmin as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full
.
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