NEW YORK ( TheStreet) -- Shares of BioSpecifics Technologies Corporation (Nasdaq: BSTC) have taken a tremendous swing upward. The stock is trading at $20.82 as of 12:26 p.m. ET, 28.9% above Wednesday's closing price of $16.15. Volume is at 3,343, 0.2 times the daily average of 16,100.

BioSpecifics has a market cap of $101.8 million and is part of the health care sector and drugs industry. Shares are down 36.9% year to date as of the close of trading on Wednesday.

Biospecifics Technologies Corp., a biopharmaceutical company, involves in the development of an injectable collagenase for various indications. It has a development and license agreement with Auxilium Pharmaceuticals, Inc. The company has a P/E ratio of 19.5, below the average drugs industry P/E ratio of 19.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates BioSpecifics 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 notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full BioSpecifics Ratings Report.

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