Mellanox Rises On Unusually High Volume (MLNX)

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) -- Mellanox Technologies (Nasdaq: MLNX) is trading at unusually high volume Tuesday with 1.3 million shares changing hands. It is currently at two times its average daily volume and trading up $4.45 (+10.1%) at $48.57 as of 2 p.m. ET.

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Mellanox has a market cap of $1.95 billion and is part of the technology sector and electronics industry. Shares are down 23.9% year to date as of the close of trading on Monday.

Mellanox Technologies, Ltd., a fabless semiconductor company, produces and supplies semiconductor interconnect products for computing, storage, and communications applications in the high-performance computing, Web 2.0, storage, financial services, database, cloud, and embedded markets. The company has a P/E ratio of 22, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Mellanox 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, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and weak operating cash flow. You can view the full Mellanox Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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