NEW YORK ( TheStreet) -- Cymer (Nasdaq: CYMI) is trading at unusually high volume Friday with 1.3 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.29 (+2.8%) at $47.94 as of 3:50 p.m. ET.

Cymer has a market cap of $1.4 billion and is part of the technology sector and electronics industry. Shares are up 3.5% year to date as of the close of trading on Thursday.

Cymer, Inc., together with its subsidiaries, engages in the development, manufacture, and marketing of excimer light sources for the manufacturers of photolithography tools in the semiconductor equipment industry. The company has a P/E ratio of 13.5, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cymer as a buy. 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Cymer Ratings Report.

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