Jazz Rises On Unusually High Volume (JAZZ)

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) -- Jazz Pharmaceuticals (Nasdaq: JAZZ) is trading at unusually high volume Wednesday with 1.1 million shares changing hands. It is currently at two times its average daily volume and trading up $1.91 (+3.6%) at $54.70 as of 4 p.m. ET.

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Jazz has a market cap of $3.09 billion and is part of the health care sector and drugs industry. Shares are up 0.1% year to date as of the close of trading on Tuesday.

Jazz Pharmaceuticals Public Limited Company, a specialty biopharmaceutical company, engages in the identification, development, and commercialization of pharmaceutical products for various medical needs in the United States, Europe, and other countries. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Jazz as a buy. The company's strengths can be seen in multiple areas, such as its robust 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 compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Jazz Ratings Report.

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