NEW YORK ( TheStreet) -- Kinetic Concepts Incorporated (NYSE: KCI) is trading at unusually high volume Wednesday with 9.6 million shares changing hands. It is currently at 10.7 times its average daily volume and trading up $3.36 (+5.2%) at $67.85 as of 9:32 a.m. ET. Kinetic Concepts has a market cap of $4.7 billion and is part of the health care sector and health services industry. Shares are up 54% year to date as of the close of trading on Tuesday. Kinetic Concepts, Inc., a medical technology company, engages in the discovery, development, manufacture, marketing, rental, and sale of therapies and products for the advanced wound care, regenerative medicine, and therapeutic support system markets in the United States and internationally. The company has a P/E ratio of 17.1, 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 Kinetic Concepts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Kinetic Concepts Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
Shares of Kinetic Concepts were rising in premarket trading Monday after the company received a takeover bid from competitor ConvaTec that tops the terms of an agreement the company reached last month.