NEW YORK ( TheStreet) -- Pain Therapeutics (Nasdaq: PTIE) is trading at unusually high volume Tuesday with 1.6 million shares changing hands. It is currently at four times its average daily volume and trading up 45 cents (+4.7%) at $9.95 as of 3:32 p.m. ET.

Pain has a market cap of $418.1 million and is part of the health care sector and drugs industry. Shares are up 40.7% year to date as of the close of trading on Friday.

Pain Therapeutics, Inc., a biopharmaceutical company, engages in the research and development of novel drugs.

TheStreet Ratings rates Pain as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Pain Ratings Report.

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