OmniVision Technologies (Nasdaq:OVTI) is trading at unusually high volume Friday with 7.4 million shares changing hands. It is currently at 4 times its average daily volume and trading up $6.26 (+26.3%).
NEW YORK ( TheStreet) -- OmniVision Technologies (Nasdaq: OVTI) is trading at unusually high volume Friday with 7.4 million shares changing hands. It is currently at four times its average daily volume and trading up $6.26 (+26.3%) at $30.11 as of 10:57 a.m. ET. OmniVision has a market cap of $1.3 billion and is part of the technology sector and electronics industry. Shares are down 19.4% year to date as of the close of trading on Thursday. OmniVision Technologies, Inc. designs, develops, and markets semiconductor image-sensor devices. The company has a P/E ratio of 18.6, below the average electronics industry P/E ratio of 23.8 and below the S&P 500 P/E ratio of 22.6. TheStreet Ratings rates OmniVision 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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full OmniVision Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.