NEW YORK ( TheStreet) -- Conceptus (Nasdaq: CPTS) is trading at unusually high volume Monday with 1.5 million shares changing hands. It is currently at 5.6 times its average daily volume and trading up 26 cents (+2.4%) at $10.95 as of 2:05 p.m. ET.

Conceptus has a market cap of $339 million and is part of the health care sector and health services industry. Shares are down 22.5% year to date as of the close of trading on Friday.

Conceptus, Inc. designs, develops, and markets minimally invasive devices for reproductive medical applications. It offers Essure, a permanent birth control system for women. The company has a P/E ratio of 4.2, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Conceptus as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Conceptus Ratings Report.

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