Virtusa Stock Soars (VRTU)

NEW YORK ( TheStreet) -- Shares of Virtusa Corporation (Nasdaq: VRTU) have taken a tremendous swing upward. The stock is trading at $15.35 as of 9:40 a.m. ET, 22.5% above Wednesday's closing price of $12.53. Volume is at 28,479, 0.6 times the daily average of 48,500.

Virtusa has a market cap of $304.2 million and is part of the technology sector and computer software & services industry. Shares are down 13.5% year to date as of the close of trading on Wednesday.

Virtusa Corporation provides information technology (IT) consulting, technology implementation, and application outsourcing services in North America, Europe, the Middle East, India, and Sri Lanka. The company has a P/E ratio of 17.4, above the average computer software & services industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Virtusa as a buy. 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Virtusa Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

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