NEW YORK ( TheStreet) -- Shares of LML Payment Systems (Nasdaq: LMLP) have taken a tremendous swing upward. The stock is trading at $2.60 as of 9:42 a.m. ET, 20.9% above Monday's closing price of $2.15. Volume is at 48,693, 0.2 times the daily average of 309,100.

LML Payment Systems has a market cap of $69.7 million and is part of the services sector and diversified services industry. Shares are down 32.7% year to date as of the close of trading on Monday.

LML Payment Systems Inc. provides payment processing solutions primarily to businesses and organizations that use Internet to receive or send payments in Canada and the United States. The company has a P/E ratio of 6.7, above the average diversified services industry P/E ratio of 6.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates LML Payment Systems 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 solid stock price performance. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full LML Payment Systems Ratings Report.

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