NEW YORK ( TheStreet) -- Shares of LRAD (Nasdaq: LRAD) have taken a tremendous swing upward. The stock is trading at $2.68 as of 10:18 a.m. ET, 22.4% above Friday's closing price of $2.19. Volume is at 322,553, 3.3 times the daily average of 97,100.

LRAD has a market cap of $74 million and is part of the technology sector and electronics industry. Shares are down 18.6% year to date as of the close of trading on Friday.

LRAD Corporation designs, develops, and commercializes sound reproduction technologies and products primarily in North America, Europe, and Asia. The company develops and delivers directed acoustic products that beam, focus, and control sound over short and long distances. The company has a P/E ratio of 10.9, below the average electronics industry P/E ratio of 12.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates LRAD 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 LRAD Ratings Report.

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