Invacare Rises On Unusually High Volume (IVC)

NEW YORK ( TheStreet) -- Invacare Corporation (NYSE: IVC) is trading at unusually high volume Friday with 864,915 shares changing hands. It is currently at four times its average daily volume and trading up $1.52 (+10.3%) at $16.22 as of 12:15 p.m. ET.

Invacare has a market cap of $633.1 million and is part of the health care sector and health services industry. Shares are down 51.3% year to date as of the close of trading on Thursday.

Invacare Corporation designs, manufactures, and distributes medical equipment and supplies for the non-acute care environment, including the home health care, retail, and extended care markets. The company has a P/E ratio of 17.6, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Invacare as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Invacare Ratings Report.

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