Shares of China Mass Media (NYSE:CMM) have taken a tremendous swing upward. The stock is trading at $5 as of 10:47 a.m. ET, 23.6% above Tuesday's closing price of $4.05. Volume is at 36,825, 0.9 times the daily average of 41,800.
NEW YORK ( TheStreet) -- Shares of China Mass Media (NYSE: CMM) have taken a tremendous swing upward. The stock is trading at $5 as of 10:47 a.m. ET, 23.6% above Tuesday's closing price of $4.05. Volume is at 36,825, 0.9 times the daily average of 41,800. China Mass Media has a market cap of $10 million and is part of the services sector and media industry. Shares are down 32.6% year to date as of the close of trading on Tuesday. China Mass Media Corp. operates as an independent television advertising company in China. It provides a range of integrated television advertising services, including advertising agency services, and production and sponsorship services. The company has a P/E ratio of 1.7, below the average media industry P/E ratio of 1.9 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates China Mass Media as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full China Mass Media 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.