Edwards Life Rises On Unusually High Volume (EW)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Edwards Life (NYSE: EW) is trading at unusually high volume Wednesday with 3.2 million shares changing hands. It is currently at four times its average daily volume and trading up $2.85 (+3.4%) at $87.45 as of 2:56 p.m. ET.

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Edwards Life has a market cap of $12.43 billion and is part of the health care sector and health services industry. Shares are up 19.7% year to date as of the close of trading on Tuesday.

Edwards Lifesciences Corporation provides products and technologies to treat advanced cardiovascular diseases or critically ill patients worldwide. The company has a P/E ratio of 50.4, below the average health services industry P/E ratio of 51.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Edwards Life 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, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Edwards Life 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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