NEW YORK (

TheStreet

) --

Hi-Tech Pharmacal

(Nasdaq:

HITK

) is trading at unusually high volume Thursday with 643,068 shares changing hands. It is currently at 4.1 times its average daily volume and trading up 98 cents (+3.4%) at $29.87 as of 1:56 p.m. ET.

Hi-Tech Pharmacal has a market cap of $377.1 million and is part of the

health care

sector and

drugs

industry. Shares are up 15.8% 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 11, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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, increase in stock price during the past year, growth in earnings per share and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Hi-Tech Pharmacal Ratings Report

.

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