Global Defense Technology & Systems Stock Soars Higher (GTEC)

NEW YORK ( TheStreet) -- Shares of Global Defense Technology & Systems (Nasdaq: GTEC) have taken a tremendous swing upward. The stock is trading at $24.29 as of 9:32 a.m. ET, 51.1% above Wednesday's closing price of $16.08. Volume is at 139,942, 4.5 times the daily average of 30,800.

Global Defense Technology & Systems has a market cap of $149.2 million and is part of the industrial goods sector and aerospace/defense industry. Shares are down 4.6% year to date as of the close of trading on Wednesday.

Global Defense Technology & Systems, Inc. provides technology-based systems, solutions, and services for national security agencies and programs of the U.S. government. The company has a P/E ratio of 17, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates Global Defense Technology & Systems as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Global Defense Technology & 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.

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