RDA Microelectronics Stock Soars (RDA)

NEW YORK ( TheStreet) -- Shares of RDA Microelectronics (Nasdaq: RDA) have taken a tremendous swing upward. The stock is trading at $11.90 as of 3:25 p.m. ET, 20.6% above Monday's closing price of $9.87. Volume is at 197,321, 3.9 times the daily average of 50,200.

RDA Microelectronics has a market cap of $479.9 million and is part of the technology sector and electronics industry. Shares are down 9.7% year to date as of the close of trading on Monday.

RDA Microelectronics, Inc., a fabless semiconductor company, designs, develops, and markets radio-frequency and mixed-signal semiconductors for cellular, broadcast, and connectivity applications. The company has a P/E ratio of 8.8, below the average electronics industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates RDA Microelectronics as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust 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 RDA Microelectronics Ratings Report.

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