NEW YORK ( TheStreet) -- Shares of Conmed Healthcare Management (AMEX: CONM) have taken a tremendous swing upward. The stock is trading at $3.69 as of 10:03 a.m. ET, 21% above Friday's closing price of $3.05. Volume is at 141,483, 15.9 times the daily average of 8,900.

Conmed Healthcare Management has a market cap of $40.9 million and is part of the health care sector and health services industry. Shares are unchanged year to date as of the close of trading on Friday.

Conmed Healthcare Management, Inc. provides correctional healthcare services to county and municipal detention centers in the United States. The company has a P/E ratio of 31.8, below the average health services industry P/E ratio of 35.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Conmed Healthcare Management as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Conmed Healthcare Management Ratings Report.

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