NEW YORK ( TheStreet) -- Shares of American Oriental Bioengineering (NYSE: AOB) have taken a tremendous swing upward. The stock is trading at $1.83 as of 3:31 p.m. ET, 20.4% above Tuesday's closing price of $1.52. Volume is at 1.7 million, 4.5 times the daily average of 372,700.

American Oriental Bioengineering has a market cap of $110.8 million and is part of the health care sector and drugs industry. Shares are down 36.7% year to date as of the close of trading on Tuesday.

American Oriental Bioengineering, Inc. engages in the development, manufacture, and commercialization of a range of pharmaceutical and healthcare products. The company has a P/E ratio of 6.4, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 16.8.

TheStreet Ratings rates American Oriental Bioengineering as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full American Oriental Bioengineering Ratings Report.

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