LTX-Credence Rises On Unusually High Volume (LTXC)

NEW YORK ( TheStreet) -- LTX-Credence Corporation (Nasdaq: LTXC) is trading at unusually high volume Wednesday with 1.5 million shares changing hands. It is currently at four times its average daily volume and trading up 88 cents (+11.3%) at $8.68 as of 1:56 p.m. ET.

LTX-Credence has a market cap of $393.7 million and is part of the technology sector and electronics industry. Shares are up 5.4% year to date as of the close of trading on Tuesday.

LTX-Credence Corporation engages in the design, manufacture, marketing, and servicing of automated test equipment solutions for the wireless, computing, automotive, and digital consumer markets. The company has a P/E ratio of 8.5, below the average electronics industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates LTX-Credence as a hold. 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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full LTX-Credence Ratings Report.

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