Plexus Rises On Unusually High Volume (PLXS)

NEW YORK ( TheStreet) -- Plexus (Nasdaq: PLXS) is trading at unusually high volume Thursday with 1.3 million shares changing hands. It is currently at four times its average daily volume and trading up $2.80 (+8.4%) at $36.05 as of 12:45 p.m. ET.

Plexus has a market cap of $1.12 billion and is part of the technology sector and electronics industry. Shares are up 21.4% year to date as of the close of trading on Wednesday.

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services to original equipment manufacturers and other technology companies. The company has a P/E ratio of 14.2, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Plexus as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Plexus Ratings Report.

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