NEW YORK (

TheStreet

) --

Mellanox Technologies

(Nasdaq:

MLNX

) is trading at unusually high volume Thursday with 870,063 shares changing hands. It is currently at four times its average daily volume and trading down 67 cents (-2.3%) at $28.82 as of 2:41 p.m. ET.

Mellanox has a market cap of $1 billion and is part of the

technology

sector and

electronics

industry. Shares are up 12.7% year to date as of the close of trading on Wednesday.

Mellanox Technologies, Ltd., a fabless semiconductor company, engages in the design, development, marketing, and sale of interconnect products based on semiconductor integrated circuits (ICs) in North America, Israel, Europe, and Asia. The company has a P/E ratio of 76.3, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.9.

TheStreet Ratings rates Mellanox as a

TheStreet Recommends

hold

. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and disappointing return on equity. You can view the full

Mellanox Ratings Report

.

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