NEW YORK ( TheStreet) -- Shares of SRS Labs (Nasdaq: SRSL) have taken a tremendous swing upward. The stock is trading at $9.27 as of 9:30 a.m. ET, 35.1% above Monday's closing price of $6.86. Volume is at 21,421, 0.5 times the daily average of 40,900. SRS has a market cap of $100.8 million and is part of the technology sector and electronics industry. Shares are up 19.3% year to date as of the close of trading on Monday. SRS Labs, Inc., through its subsidiaries, engages in the development and provision of audio and voice technology solutions. The company has a P/E ratio of 97.7, below the average electronics industry P/E ratio of 100.6 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates SRS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full SRS 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.