Marvell Technology Group Rises On Unusually High Volume (MRVL)

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) -- Marvell Technology Group (Nasdaq: MRVL) is trading at unusually high volume Wednesday with 25.1 million shares changing hands. It is currently at two times its average daily volume and trading up 47 cents (+5.3%) at $9.35 as of 3:41 p.m. ET.

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Marvell Technology Group has a market cap of $4.64 billion and is part of the technology sector and electronics industry. Shares are up 19.5% year to date as of the close of trading on Tuesday.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Marvell Technology Group as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Marvell Technology Group Ratings Report.

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