Waters Rises On Unusually High Volume (WAT)

NEW YORK ( TheStreet) -- Waters Corporation (NYSE: WAT) is trading at unusually high volume Monday with one million shares changing hands. It is currently at two times its average daily volume and trading up $2.31 (+2.3%) at $102.36 as of 3:59 p.m. ET.

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Waters has a market cap of $8.6 billion and is part of the health care sector and health services industry. Shares are up 14.8% year to date as of the close of trading on Friday.

Waters Corporation operates as an analytical instrument manufacturer in the United States and internationally. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Waters as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. 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 Waters 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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