Himax Stock Soars (HIMX)

NEW YORK ( TheStreet) -- Shares of Himax Technologies (Nasdaq: HIMX) have taken a tremendous swing upward. The stock is trading at $2.32 as of 10:05 a.m. ET, 20.8% above Wednesday's closing price of $1.92. Volume is at 923,012, 1.5 times the daily average of 634,300.

Himax has a market cap of $219.5 million and is part of the technology sector and electronics industry. Shares are up 91% year to date as of the close of trading on Wednesday.

Himax Technologies, Inc., together with its subsidiaries, designs, develops, and markets semiconductors for flat panel displays. The company has a P/E ratio of 13.2, above the average electronics industry P/E ratio of 12.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Himax as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth 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 Himax Ratings Report.

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