Illumina Rises On Unusually High Volume (ILMN)

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) -- Illumina (Nasdaq: ILMN) is trading at unusually high volume Friday with 2.5 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $4.83 (+7.2%) at $71.99 as of 3:10 p.m. ET.

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Illumina has a market cap of $8.34 billion and is part of the health care sector and drugs industry. Shares are up 20.7% year to date as of the close of trading on Thursday.

Illumina, Inc. develops, manufactures, and markets life science tools and integrated systems for the analysis of genetic variation and biological function in North America, Europe, Latin America, the Asia-Pacific, the Middle East, and South Africa. The company has a P/E ratio of 89.4, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Illumina as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Illumina Ratings Report.

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