NEW YORK ( TheStreet) -- Air Methods Corp (Nasdaq: AIRM) is trading at unusually high volume Friday with 455,509 shares changing hands. It is currently at four times its average daily volume and trading up $9.85 (+16.4%) at $70.01 as of 12:36 p.m. ET.

Air Methods has a market cap of $760 million and is part of the services sector and transportation industry. Shares are up 6.9% year to date as of the close of trading on Thursday.

Air Methods Corporation, together with its subsidiaries, provides air medical emergency transport services and systems in the United States. The company has a P/E ratio of 15.2, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Air Methods 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, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Air Methods Ratings Report.

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