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. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.