NEW YORK ( TheStreet) -- Shares of SonoSite (Nasdaq: SONO) have taken a tremendous swing upward. The stock is trading at $37.30 as of 12:01 p.m. ET, 21.2% above Wednesday's closing price of $30.78. Volume is at 462,769, 3.2 times the daily average of 146,800. SonoSite has a market cap of $417.9 million and is part of the health care sector and health services industry. Shares are down 2.6% year to date as of the close of trading on Wednesday. SonoSite, Inc. develops, manufactures, and distributes hand-carried ultrasound systems for use across medical specialties and in a range of treatment settings. The company has a P/E ratio of 70, 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 SonoSite as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full SonoSite 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.
SonoSite (Nasdaq:SONO) hit a new 52-week high Friday as it is currently trading at $53.74, above its previous 52-week high of $53.73 with 542,881 shares traded as of 1:25 p.m. ET. Average volume has been 214,800 shares over the past 30 days.
Shares of SonoSite (Nasdaq:SONO) were gapping up Thursday morning with an open price 26.8% higher than Wednesday's closing price. The stock closed at $42.24 yesterday and opened today's trading at $53.54.