NEW YORK ( TheStreet) -- Shares of China Education Alliance (NYSE: CEU) have taken a tremendous swing upward. The stock is trading at $1.43 as of 11:03 a.m. ET, 23.3% above Monday's closing price of $1.16. Volume is at 37,164, 1.2 times the daily average of 31,800.

China Education Alliance has a market cap of $12.3 million and is part of the services sector and diversified services industry. Shares are unchanged year to date as of the close of trading on Monday.

China Education Alliance, Inc., an education service company, provides online education and onsite training in the People's Republic of China. The company has a P/E ratio of 1.7, below the average diversified services industry P/E ratio of 1.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates China Education Alliance as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full China Education Alliance 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.