NEW YORK ( TheStreet) -- Plexus Corp (Nasdaq: PLXS) is trading at unusually high volume Thursday with 1.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $2.89 (+8.6%) at $36.62 as of 2:36 p.m. ET. Plexus has a market cap of $1.3 billion and is part of the technology sector and electronics industry. Shares are up 6.7% year to date as of the close of trading on Wednesday. Plexus Corp., together with its subsidiaries, provides contract electronic manufacturing services to original equipment manufacturers and other technology companies. The company has a P/E ratio of 14, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 16.4. TheStreet Ratings rates Plexus as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, notable return on equity, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Plexus 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.
Even after the Dow Jones Industrial Average dropped 1,000 points Monday morning, investors in semiconductor and hardware companies still have viable options within the markets, according RBC Capital Markets analysts.