NEW YORK (
) is trading at unusually high volume Wednesday with 17 million shares changing hands. It is currently at four times its average daily volume and trading up $1.45 (+8.3%) at $18.83 as of 3:55 p.m. ET.
Jabil Circuit has a market cap of $3.7 billion and is part of the
industry. Shares are down 13.5% year to date as of the close of trading on Tuesday.
Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions in the Americas, Europe, and Asia. The company has a P/E ratio of 11.3, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Jabil Circuit as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
See all heavy volume stocks in our
or get investment ideas from our
Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting
to 95370 or select from