NEW YORK (

TheStreet

) -- Shares of

Smart Balance

(Nasdaq:

SMBL

) have taken a tremendous swing upward. The stock is trading at $6.80 as of 3:45 p.m. ET, 20.4% above Wednesday's closing price of $5.65. Volume is at 1.6 million, 3.4 times the daily average of 467,000.

Smart Balance has a market cap of $303 million and is part of the

consumer goods

sector and

food & beverage

industry. Shares are up 5.4% year to date as of the close of trading on Wednesday.

Smart Balance, Inc., a consumer food products company, distributes various food products in the United States and internationally. The company has a P/E ratio of 44.2, below the average food & beverage industry P/E ratio of 64.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Smart Balance as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share. You can view the full

Smart Balance Ratings Report

.

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