Charm Stock Soars (CHRM)

NEW YORK ( TheStreet) -- Shares of Charm Communications (Nasdaq: CHRM) have taken a tremendous swing upward. The stock is trading at $11.11 as of 1:39 p.m. ET, 22.9% above Wednesday's closing price of $9.04. Volume is at 17,852, 1.1 times the daily average of 16,000.

Charm has a market cap of $336.1 million and is part of the services sector and media industry. Shares are up 1.5% year to date as of the close of trading on Wednesday.

Charm Communications Inc. operates as an advertising agency in China. The company offers a range of advertising agency services from planning and managing the advertising campaigns to creating and placing the advertisements. The company has a P/E ratio of 7.9, below the average media industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Charm 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 compelling growth in net income. 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 Charm Ratings Report.

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