NEW YORK ( TheStreet) -- Kinetic Concepts Incorporated (NYSE: KCI) is trading at unusually high volume Monday with 2.1 million shares changing hands. It is currently at 4.3 times its average daily volume and trading up $2.33 (+4.9%) at $49.67 as of 11:56 a.m. ET. Kinetic Concepts has a market cap of $3.4 billion and is part of the health care sector and health services industry. Shares are up 13% year to date as of the close of trading on Friday. Kinetic Concepts, Inc., a medical technology company, engages in the discovery, development, manufacture, marketing, rental, and sale of therapies and products for the wound care, tissue regeneration, and therapeutic support system markets in the United States and internationally. The company has a P/E ratio of 10.8, below the average health services industry P/E ratio of 13 and below the S&P 500 P/E ratio of 22.6. TheStreet Ratings rates Kinetic Concepts as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share and revenue growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Kinetic Concepts Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
Shares of Kinetic Concepts were rising in premarket trading Monday after the company received a takeover bid from competitor ConvaTec that tops the terms of an agreement the company reached last month.