NEW YORK ( TheStreet) -- Shares of Focus Media (Nasdaq: FMCN) have taken a tremendous swing upward. The stock is trading at $19.85 as of 12:25 p.m. ET, 21.6% above Monday's closing price of $16.33. Volume is at 3.8 million, 1.4 times the daily average of 2.8 million. Focus Media has a market cap of $2.3 billion and is part of the services sector and media industry. Shares are down 25.5% year to date as of the close of trading on Monday. Focus Media Holding Limited, a multi- platform digital media company, operates out-of-home advertising network using audiovisual digital displays in China. It operates out-of-home advertising network based on the number of locations and flat-panel television displays in its network. The company has a P/E ratio of 16.7, above the average media industry P/E ratio of 8.1 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Focus Media as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, robust revenue growth and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Focus Media 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.