VanceInfo Stock Soars (VIT)

NEW YORK ( TheStreet) -- Shares of VanceInfo Technologies (NYSE: VIT) have taken a tremendous swing upward. The stock is trading at $10.69 as of 2:30 p.m. ET, 20.5% above Monday's closing price of $8.87. Volume is at 3.1 million, 2.7 times the daily average of 1.2 million.

VanceInfo has a market cap of $443.3 million and is part of the technology sector and computer software & services industry. Shares are down 74.3% year to date as of the close of trading on Monday.

VanceInfo Technologies Inc., together with its subsidiaries, engages in the provision of information technology (IT) services. The company has a P/E ratio of 13.1, below the average computer software & services industry P/E ratio of 14.6 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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