NEW YORK (
) is trading at unusually high volume Wednesday with 7.5 million shares changing hands. It is currently at four times its average daily volume and trading up $1.87 (+4%) at $49.18 as of 3:55 p.m. ET.
Life has a market cap of $8.18 billion and is part of the
industry. Shares are up 21.6% year to date as of the close of trading on Tuesday.
Life Technologies Corporation operates as a life sciences company with a focus on improving the human condition worldwide. The company has a P/E ratio of 24, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Life as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full
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