NEW YORK (

TheStreet

) --

Hi-Tech Pharmacal

(Nasdaq:

HITK

) is trading at unusually high volume Thursday with 839,651 shares changing hands. It is currently at 4.2 times its average daily volume and trading up $2.22 (+9.4%) at $25.72 as of four p.m. ET.

Hi-Tech Pharmacal has a market cap of $291.5 million and is part of the

health care

sector and

drugs

industry. Shares are down 5.8% year to date as of the close of trading on Wednesday.

Hi-Tech Pharmacal Co., Inc. develops, manufactures, markets, and sells generic, prescription, over-the-counter (OTC), and nutritional products in liquid and semisolid dosage forms in the United States. The company has a P/E ratio of 8.5, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 16.4.

TheStreet Ratings rates Hi-Tech Pharmacal as a

TheStreet Recommends

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Hi-Tech Pharmacal Ratings Report

.

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