Datawatch Stock Soars (DWCH)

NEW YORK ( TheStreet) -- Shares of Datawatch Corporation (Nasdaq: DWCH) have taken a tremendous swing upward. The stock is trading at $7.67 as of 9:39 a.m. ET, 21.9% above Thursday's closing price of $6.29. Volume is at 12,643, 1.8 times the daily average of 7,000.

Datawatch has a market cap of $37.1 million and is part of the technology sector and computer software & services industry. Shares are up 9.5% year to date as of the close of trading on Thursday.

Datawatch Corporation engages in the design, development, manufacture, marketing, and support of business computer software products primarily in the United States and the United Kingdom. The company has a P/E ratio of 306.5, above the average computer software & services industry P/E ratio of 301 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Datawatch as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Datawatch Ratings Report.

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