Amphenol Rises On Unusually High Volume (APH)

NEW YORK ( TheStreet) -- Amphenol (NYSE: APH) is trading at unusually high volume Wednesday with 3.5 million shares changing hands. It is currently at four times its average daily volume and trading up $7.56 (+14.7%) at $58.92 as of 2:05 p.m. ET.

Amphenol has a market cap of $8.44 billion and is part of the technology sector and electronics industry. Shares are up 14.7% year to date as of the close of trading on Tuesday.

Amphenol Corporation designs, manufactures, and markets electrical, electronic, and fiber optic connectors; interconnect systems; and coaxial and specialty cables worldwide. The company has a P/E ratio of 16.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Amphenol as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Amphenol Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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