Memsic Stock Soars (MEMS)

NEW YORK ( TheStreet) -- Shares of Memsic (Nasdaq: MEMS) have taken a tremendous swing upward. The stock is trading at $2.68 as of 3:55 p.m. ET, 20.7% above Tuesday's closing price of $2.22. Volume is at 15,703, one times the daily average of 15,600.

Memsic has a market cap of $55.6 million and is part of the technology sector and electronics industry. Shares are down 34.7% year to date as of the close of trading on Tuesday.

MEMSIC, Inc. provides semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS) technology and mixed signal circuit design. It offers sensor products, principally accelerometers.

TheStreet Ratings rates Memsic 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 increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Memsic Ratings Report.

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