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) -- Life Technologies (Nasdaq: LIFE) is trading at unusually high volume Friday with 13.4 million shares changing hands. It is currently at 8.3 times its average daily volume and trading up $5.72 (+10.4%) at $60.68 as of 2:46 p.m. ET.
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Life has a market cap of $9.23 billion and is part of the health care sector and health services industry. Shares are up 12.1% year to date as of the close of trading on Thursday. Life Technologies Corporation operates as a global life sciences company. The company has a P/E ratio of 23.4, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Life as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full 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. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.