NEW YORK ( TheStreet) -- Shares of Edelman Financial Group (Nasdaq: EF) have taken a tremendous swing upward. The stock is trading at $8.70 as of 9:35 a.m. ET, 40.8% above Friday's closing price of $6.18. Volume is at 4.2 million, 125.7 times the daily average of 33,500. Edelman Financial Group has a market cap of $192 million and is part of the financial sector and financial services industry. Shares are down 5.9% year to date as of the close of trading on Friday. The Edelman Financial Group Inc., through its subsidiaries, provides wealth management services primarily to individuals, corporations, and financial institutions in North America. The company has a P/E ratio of 23.6, below the average financial services industry P/E ratio of 36.6 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Edelman Financial Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Edelman Financial 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.