NEW YORK ( TheStreet) -- Shares of SMTC Corporation (Nasdaq: SMTX) have taken a tremendous swing upward. The stock is trading at $2.49 as of 9:40 a.m. ET, 23.9% above Wednesday's closing price of $2.01. Volume is at 112,200, 1.7 times the daily average of 67,600. SMTC has a market cap of $32.5 million and is part of the technology sector and electronics industry. Shares are down 37.2% year to date as of the close of trading on Wednesday. SMTC Corporation provides advanced electronics manufacturing services to original equipment manufacturers (OEMs) worldwide. The company has a P/E ratio of 4.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates SMTC as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full SMTC 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.