NEW YORK ( TheStreet) -- Shares of Micronetics (Nasdaq: NOIZ) have taken a tremendous swing upward. The stock is trading at $7.33 as of 9:35 a.m. ET, 25.3% above Thursday's closing price of $5.85. Volume is at 40,334, 4.1 times the daily average of 9,800.

Micronetics has a market cap of $26 million and is part of the technology sector and electronics industry. Shares are up 29.4% year to date as of the close of trading on Thursday.

Micronetics, Inc. engages in the design and manufacture of radio frequency (RF) and microwave components and sub-assemblies for defense and commercial customers. The company has a P/E ratio of 16.8, below the average electronics industry P/E ratio of 17.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Micronetics as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Micronetics Ratings Report.

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