Thermo Fisher Scientific Rises On Unusually High Volume (TMO)
Thermo Fisher Scientific (NYSE:TMO) is trading at unusually high volume Thursday with 3.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.75 (+2.5%).
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) -- Thermo Fisher Scientific (NYSE: TMO) is trading at unusually high volume Thursday with 3.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.75 (+2.5%) at $72.14 as of 4:01 p.m. ET.
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Thermo Fisher Scientific has a market cap of $25.49 billion and is part of the health care sector and health services industry. Shares are up 10.4% year to date as of the close of trading on Wednesday. Thermo Fisher Scientific, Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacture, analysis, discovery, and diagnostics. The company has a P/E ratio of 22.5, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Thermo Fisher Scientific 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, solid stock price performance, impressive record of earnings per share growth and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Thermo Fisher Scientific 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.