NEW YORK ( TheStreet) -- Shares of Archipelago Learning (Nasdaq: ARCL) have taken a tremendous swing upward. The stock is trading at $10.99 as of 9:40 a.m. ET, 21.6% above Friday's closing price of $9.04. Volume is at 1.6 million, 55.1 times the daily average of 29,400. Archipelago Learning has a market cap of $267.8 million and is part of the services sector and diversified services industry. Shares are down 6.8% year to date as of the close of trading on Friday. Archipelago Learning, Inc. operates as a subscription-based, software-as-a-service provider of education products in the United States, Canada, and the United Kingdom. The company has a P/E ratio of 39.2, below the average diversified services industry P/E ratio of 42.4 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Archipelago Learning as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and weak operating cash flow. You can view the full Archipelago Learning 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.