NEW YORK ( TheStreet) -- MIPS Technologies (Nasdaq: MIPS) is trading at unusually high volume Thursday with 2.7 million shares changing hands. It is currently at four times its average daily volume and trading up 16 cents (+3%) at $5.51 as of 3:55 p.m. ET. MIPS has a market cap of $287.9 million and is part of the technology sector and electronics industry. Shares are up 20% year to date as of the close of trading on Wednesday. MIPS Technologies, Inc. provides industry-standard processor architectures and cores for digital home, networking, and mobile applications primarily in the United States, Japan, the Pacific Rim, and Europe. The company has a P/E ratio of 30.2, above the average electronics industry P/E ratio of 28.6 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates MIPS as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full MIPS Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Markets
S&P 500 Support Holds, but a Third Test Would Likely Be a Different Story
While the bears have been unsuccessful so far in breaking support, the bulls have been equally lackluster in generating upside momentum.
Beyond Pricey? Our Reporters Try the Beyond Meat Burger, Talk Business Model
Is Beyond Meat's burger enough to convince investors to invest in the company? TheStreet conducted a taste test to see what the hype is about.
I've Got Just the Right Trade for This 3-Day Weekend
In any other administration I'd avoid the idea, but this administration and this president love to get on social media and make a splash.
Add Foot Locker to the Latest List of Retail Casualties
There's little in the report or technical picture that makes me want to rush into FL.
Beijing Pleads for 'Positive Energy' Over Terrible Extradition Law in Hong Kong
The central government's office in Hong Kong has ordered the international media to skew their coverage to the 'positive' side on HK's proposed extradition law to China.