OmniVision Stock Soars (OVTI)

NEW YORK ( TheStreet) -- Shares of OmniVision Technologies (Nasdaq: OVTI) have taken a tremendous swing upward. The stock is trading at $15.38 as of 3:50 p.m. ET, 21% above Monday's closing price of $12.71. Volume is at eight million, 2.3 times the daily average of 3.5 million.

OmniVision has a market cap of $836.4 million and is part of the technology sector and electronics industry. Shares are down 57.1% year to date as of the close of trading on Monday.

OmniVision Technologies, Inc. engages in designing, developing, and marketing semiconductor image-sensor devices worldwide. The company has a P/E ratio of 5.6, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates OmniVision as a buy. 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, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full OmniVision Ratings Report.

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