NEW YORK ( TheStreet) -- Shares of ChinaCast Education Corporation (Nasdaq: CAST) have taken a tremendous swing upward. The stock is trading at $3.24 as of 10:15 a.m. ET, 31.2% above Tuesday's closing price of $2.47. Volume is at 159,360, 0.8 times the daily average of 211,900. ChinaCast has a market cap of $126.4 million and is part of the services sector and diversified services industry. Shares are down 68.2% year to date as of the close of trading on Tuesday. ChinaCast Education Corporation, together with its subsidiaries, provides post-secondary education and e-learning services in China. The company operates in two segments, E-learning and Training Service Group and Traditional University Group. The company has a P/E ratio of 11.7, above the average diversified services industry P/E ratio of 9.9 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates ChinaCast 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 also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full ChinaCast 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.