Shares of Cogo Group (Nasdaq:COGO) have taken a tremendous swing upward. The stock is trading at $3.30 as of 9:35 a.m. ET, 70.1% above Thursday's closing price of $1.94. Volume is at 320,220, 1.9 times the daily average of 167,100.
NEW YORK ( TheStreet) -- Shares of Cogo Group (Nasdaq: COGO) have taken a tremendous swing upward. The stock is trading at $3.30 as of 9:35 a.m. ET, 70.1% above Thursday's closing price of $1.94. Volume is at 320,220, 1.9 times the daily average of 167,100. Cogo Group has a market cap of $74.4 million and is part of the technology sector and electronics industry. Shares are down 47.1% year to date as of the close of trading on Thursday. Cogo Group, Inc., through its subsidiaries, provides customized module design solutions, focusing on the digital media, telecommunications equipment, and industrial business end-markets in China. The company has a P/E ratio of 9.6, above the average electronics industry P/E ratio of 5.5 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Cogo Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Cogo Group 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.