NEW YORK ( TheStreet) -- Shares of LML Payment Systems (Nasdaq: LMLP) have taken a tremendous swing upward. The stock is trading at $5.84 as of 3:56 p.m. ET, 20.2% above Tuesday's closing price of $4.86. Volume is at 1.3 million, 6.5 times the daily average of 208,400. LML Payment Systems has a market cap of $128.4 million and is part of the services sector and diversified services industry. Shares are up 39.3% year to date as of the close of trading on Tuesday. LML Payment Systems Inc. provides electronic payment, risk management, and authentication services primarily to businesses and organizations using the Internet to receive or send payments in Canada and the United States. The company has a P/E ratio of 42.7, below the average diversified services industry P/E ratio of 67.1 and above the S&P 500 P/E ratio of 21.9. TheStreet Ratings rates LML Payment Systems as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full LML Payment Systems Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.