NEW YORK ( TheStreet) -- Cooper Companies (NYSE: COO) is trading at unusually high volume Friday with 1.7 million shares changing hands. It is currently at four times its average daily volume and trading up $5.30 (+8.3%) at $68.92 as of 2:55 p.m. ET.

Cooper Companies has a market cap of $2.9 billion and is part of the health care sector and health services industry. Shares are up 12.9% year to date as of the close of trading on Thursday.

The Cooper Companies, Inc., through its subsidiaries, develops, manufactures, and markets healthcare products serving the vision care and women's healthcare markets worldwide. The company has a P/E ratio of 25.4, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates Cooper Companies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Cooper Companies Ratings Report.

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