General Cable Rises On Unusually High Volume (BGC)

NEW YORK (TheStreet) -- General Cable Corporation (NYSE:BGC) is trading at unusually high volume Wednesday with 2.8 million shares changing hands. It is currently at four times its average daily volume and trading up $2.14 (+5.3%) at $42.36 as of 2:06 p.m. ET. General Cable has a market cap of $2.1 billion and is part of the industrial goods sector and industrial industry. Shares are up 14.6% year to date as of the close of trading on Tuesday.

General Cable Corporation provides copper, aluminum, and fiber optic wire and cable products worldwide. The company has a P/E ratio of 22.4, below the average industrial industry P/E ratio of 86 and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates General Cable as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full General Cable Ratings Report.

 

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