NEW YORK ( TheStreet) -- Shares of Cambrex Corporation (NYSE: CBM) have taken a tremendous swing upward. The stock is trading at $5.42 as of 4:01 p.m. ET, 20.2% above Wednesday's closing price of $4.51. Volume is at 188,968, 2.4 times the daily average of 78,300.

Cambrex has a market cap of $134.2 million and is part of the health care sector and drugs industry. Shares are down 12.8% year to date as of the close of trading on Wednesday.

Cambrex Corporation, a life sciences company, provides products and services for the development and commercialization of new and generic therapeutics. The company has a P/E ratio of 12.7, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cambrex as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and attractive valuation levels. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Cambrex Ratings Report.

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