Garmin Rises On Unusually High Volume (GRMN)

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) -- Garmin (Nasdaq: GRMN) is trading at unusually high volume Thursday with 1.8 million shares changing hands. It is currently at two times its average daily volume and trading up $1.78 (+4.5%) at $41.48 as of 1:10 p.m. ET.

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Garmin has a market cap of $8.3 billion and is part of the technology sector and electronics industry. Shares are up 0.2% year to date as of the close of trading on Wednesday.

Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products for the automotive/mobile, outdoor, fitness, marine, and general aviation markets worldwide. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Garmin 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, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Garmin Ratings Report.

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