NEW YORK ( TheStreet) -- Shares of China Valves Technology (Nasdaq: CVVT) have taken a tremendous swing upward. The stock is trading at $2.54 as of one p.m. ET, 20.4% above Monday's closing price of $2.11. Volume is at 604,488, 3.7 times the daily average of 165,100. China Valves Technology has a market cap of $79.9 million and is part of the industrial goods sector and industrial industry. Shares are down 79.9% year to date as of the close of trading on Monday. China Valves Technology, Inc., through its subsidiaries, engages in developing, manufacturing, and selling low, medium, and high-pressure metal valves for customers in the electricity, petroleum, chemical, water, gas, nuclear power station, and metal industries in China. The company has a P/E ratio of 1.9, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates China Valves Technology 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 attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full China Valves Technology Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.