NEW YORK ( TheStreet) -- Jabil Circuit (NYSE: JBL) is trading at unusually high volume Wednesday with 14.3 million shares changing hands. It is currently at four times its average daily volume and trading up $2.31 (+12.2%) at $21.24 as of 2:36 p.m. ET.

Jabil Circuit has a market cap of $4.3 billion and is part of the technology sector and electronics industry. Shares are down 5.8% year to date as of the close of trading on Tuesday.

Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions in the Americas, Europe, and Asia. The company has a P/E ratio of 17.1, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.1.

TheStreet Ratings rates Jabil Circuit as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Jabil Circuit Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
null

If you liked this article you might like

Why President Trump Pulling Out of Nafta Won't Crush U.S. Economy: Goldman Sachs

Why President Trump Pulling Out of Nafta Won't Crush U.S. Economy: Goldman Sachs

Verizon and Facebook Spending Plans Give Strong Clues to Tech Earnings

Verizon and Facebook Spending Plans Give Strong Clues to Tech Earnings

The Big Implications of Verizon and Facebook's Very Different Spending Plans

The Big Implications of Verizon and Facebook's Very Different Spending Plans

Would Love to Hear What Mario Draghi Says About Bitcoin

Would Love to Hear What Mario Draghi Says About Bitcoin

Disney, Fox and Net Neutrality - 5 Things You Must Know Before the Market Opens

Disney, Fox and Net Neutrality - 5 Things You Must Know Before the Market Opens