Memsic Stock Soars (MEMS)

NEW YORK ( TheStreet) -- Shares of Memsic (Nasdaq: MEMS) have taken a tremendous swing upward. The stock is trading at $4.75 as of 3:35 p.m. ET, 25.7% above Wednesday's closing price of $3.78. Volume is at 1.2 million, 145.8 times the daily average of 8,500.

Memsic has a market cap of $80.1 million and is part of the technology sector and electronics industry. Shares are up 42.6% year to date as of the close of trading on Wednesday.

MEMSIC, Inc. provides semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS) technology and mixed signal circuit design. It offers sensor products, principally accelerometers.

TheStreet Ratings rates Memsic as a hold. The company's strengths can be seen in multiple areas, such as its robust 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 find that the growth in the company's net income has been quite unimpressive. You can view the full Memsic Ratings Report.

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