NEW YORK ( TheStreet) -- Shares of VanceInfo Technologies (NYSE: VIT) have taken a tremendous swing upward. The stock is trading at $13.27 as of 1:56 p.m. ET, 20.4% above Wednesday's closing price of $11.02. Volume is at 1.3 million, one times the daily average of 1.2 million.

VanceInfo has a market cap of $495 million and is part of the technology sector and computer software & services industry. Shares are down 68.1% year to date as of the close of trading on Wednesday.

VanceInfo Technologies Inc., together with its subsidiaries, engages in the provision of information technology (IT) services. The company has a P/E ratio of 16.3, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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

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