NEW YORK ( TheStreet) -- TE Connectivity (NYSE: TEL) is trading at unusually high volume Wednesday with 11.2 million shares changing hands. It is currently at four times its average daily volume and trading up $2.48 (+8.1%) at $33.18 as of 2:46 p.m. ET.

TE Connectivity has a market cap of $13.3 billion and is part of the technology sector and electronics industry. Shares are down 13.3% year to date as of the close of trading on Tuesday.

TE Connectivity Ltd. provides engineered electronic components, network solutions, specialty products, and subsea telecommunication systems. The company has a P/E ratio of 11.7, above the average electronics industry P/E ratio of 11.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates TE Connectivity as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full TE Connectivity Ratings Report.

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