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) -- ASML (Nasdaq: ASML) is trading at unusually high volume Thursday with 8.6 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.72 (+3.4%) at $51.80 as of 11:16 a.m. ET.
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ASML has a market cap of $21.87 billion and is part of the technology sector and electronics industry. Shares are up 19.8% year to date as of the close of trading on Wednesday. ASML Holding N.V., through its subsidiaries, engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. The company has a P/E ratio of 72.4, above the average electronics industry P/E ratio of 13.5 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full ASML Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.