NEW YORK ( TheStreet) -- Shares of Accelr8 Technology Corporation (AMEX: AXK) have taken a tremendous swing upward. The stock is trading at $5.17 as of 2:21 p.m. ET, 24.3% above Tuesday's closing price of $4.16. Volume is at 198,570, one times the daily average of 192,900.

Accelr8 Technology has a market cap of $42.6 million and is part of the health care sector and drugs industry. Shares are up 316% year to date as of the close of trading on Tuesday.

Accelr8 Technology Corporation develops materials and instrumentation for applications in medical instrumentation, basic research, drug discovery, and bio-detection in the United States. It manufactures and markets OptiChem surface coatings for use in microarraying components. The company has a P/E ratio of 24.7, above the average drugs industry P/E ratio of 23.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Accelr8 Technology 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 company's profit margins have been poor overall. You can view the full Accelr8 Technology Ratings Report.

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