NEW YORK ( TheStreet) -- Shares of West Marine (Nasdaq: WMAR) have taken a tremendous swing upward. The stock is trading at $8.47 as of four p.m. ET, 20.8% above Monday's closing price of $7.01. Volume is at 126,865, 2.3 times the daily average of 54,300.

West Marine has a market cap of $175.2 million and is part of the services sector and specialty retail industry. Shares are down 33.7% year to date as of the close of trading on Monday.

West Marine, Inc., together with its subsidiaries, operates as a specialty retailer of boating supplies primarily in the United States. It operates in three segments: Stores, Port Supply, and Direct Sales. The company has a P/E ratio of 9.2, below the average specialty retail industry P/E ratio of 9.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates West Marine as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full West Marine Ratings Report.

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