ACADIA Stock Soars (ACAD)

NEW YORK ( TheStreet) -- Shares of ACADIA Pharmaceuticals (Nasdaq: ACAD) have taken a tremendous swing upward. The stock is trading at $2.71 as of 3:26 p.m. ET, 21% above Thursday's closing price of $2.24. Volume is at 2.2 million, five times the daily average of 442,100.

ACADIA has a market cap of $116.3 million and is part of the health care sector and drugs industry. Shares are up 60.8% year to date as of the close of trading on Thursday.

ACADIA Pharmaceuticals Inc., a biopharmaceutical company, focuses on drug discovery and clinical development of novel treatments for central nervous system disorders. The company has a P/E ratio of 5.7, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 16.7.

TheStreet Ratings rates ACADIA as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full ACADIA Ratings Report.

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