NEW YORK ( TheStreet) -- Aerovironment Incorporated (Nasdaq: AVAV) is trading at unusually high volume Wednesday with 916,243 shares changing hands. It is currently at four times its average daily volume and trading up $1.12 (+4.4%) at $26.56 as of 2:15 p.m. ET.
Aerovironment has a market cap of $563.5 million and is part of the industrial goods sector and aerospace/defense industry. Shares are down 19.2% year to date as of the close of trading on Tuesday. AeroVironment, Inc. designs, develops, produces, and supports unmanned aircraft systems, and efficient energy systems for various industries and governmental agencies. The company has a P/E ratio of 18.7, equal to the average aerospace/defense industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Aerovironment as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and weak operating cash flow. You can view the full Aerovironment Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.