NEW YORK (
) is trading at unusually high volume Thursday with 4.2 million shares changing hands. It is currently at four times its average daily volume and trading up $1.70 (+6.6%) at $27.63 as of 12:07 p.m. ET.
PerkinElmer has a market cap of $3.1 billion and is part of the
industry. Shares are up 0.4% year to date as of the close of trading on Wednesday.
PerkinElmer, Inc. provides technology, services, and solutions to the diagnostics, research, environmental, safety and security, industrial and laboratory services markets. The company has a P/E ratio of 19.9, above the average health services industry P/E ratio of 8.2 and below the S&P 500 P/E ratio of 22.7.
TheStreet Ratings rates PerkinElmer as a 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, 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 weak operating cash flow. You can view the full
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