Cooper Companies Rises On Unusually High Volume (COO)

NEW YORK ( TheStreet) -- Cooper Companies (NYSE: COO) is trading at unusually high volume Wednesday with 2.2 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $2.70 (+3.7%) at $74.85 as of 3:10 p.m. ET.

Cooper Companies has a market cap of $3.8 billion and is part of the health care sector and health services industry. Shares are up 28.1% year to date as of the close of trading on Tuesday.

The Cooper Companies, Inc., through its subsidiaries, develops, manufactures, and markets healthcare products serving the vision care and women's healthcare markets worldwide. The company has a P/E ratio of 22.5, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cooper Companies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Cooper Companies Ratings Report.

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