NEW YORK ( TheStreet) -- EchoStar Corporation (Nasdaq: SATS) is trading at unusually high volume Monday with 995,062 shares changing hands. It is currently at 4.8 times its average daily volume and trading up 60 cents (+2%) at $30.48 as of 2:12 p.m. ET. EchoStar has a market cap of $1.1 billion and is part of the technology sector and telecommunications industry. Shares are up 19.7% year to date as of the close of trading on Friday. EchoStar Corporation engages in the design, development, and distribution of digital set-top boxes and related products for direct-to-home satellite service providers. The company has a P/E ratio of 371.9, below the average telecommunications industry P/E ratio of 425 and above the S&P 500 P/E ratio of 23.5. TheStreet Ratings rates EchoStar as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full EchoStar Ratings Report.
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