NEW YORK ( TheStreet) -- Shares of XETA Technologies (Nasdaq: XETA) have taken a tremendous swing upward. The stock is trading at $5.42 as of 9:47 a.m. ET, 41.1% above Tuesday's closing price of $3.84. Volume is at 76,681, 5.3 times the daily average of 14,400. XETA has a market cap of $40.8 million and is part of the technology sector and telecommunications industry.

XETA Technologies, Inc. operates as an integrator of advanced communications technologies in the United States. The company operates in three segments: Services, Commercial System Sales, and Hospitality System Sales. The company has a P/E ratio of 29.2, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates XETA as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. You can view the full XETA Ratings Report.
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