NEW YORK ( TheStreet) -- Igate Corporation (Nasdaq: IGTE) is trading at unusually high volume Tuesday with 1.4 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 70 cents (+6.3%) at $11.74 as of 3:27 p.m. ET.

Igate has a market cap of $776.2 million and is part of the technology sector and computer software & services industry. Shares are down 44% year to date as of the close of trading on Monday.

iGATE Corporation provides outsourced information technology (IT) and IT-enabled operations, solutions, and services. The company has a P/E ratio of 17, above the average computer software & services industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Igate as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, expanding profit margins, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Igate Ratings Report.

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