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Worthington Rises On Unusually High Volume (WOR)

By TheStreet Wire 03/18/11 - 04:31 PM EDT

Find out if (WOR) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Worthington Industries (NYSE:WOR) is trading at unusually high volume Friday with 2.3 million shares changing hands. It is currently at 4.7 times its average daily volume and trading up 38 cents (+2%) at $18.91 as of 4:03 p.m. ET.

Worthington has a market cap of $1.4 billion and is part of the basic materials sector and metals & mining industry. Shares are up 0.7% year to date as of the close of trading on Thursday.

Worthington Industries, Inc. operates as a diversified metal processing company focusing on steel processing and manufactured metal products in the United States, Canada, and Europe. The company has a P/E ratio of 26.9, above the average metals & mining industry P/E ratio of 26.5 and above the S&P 500 P/E ratio of 15.6.

TheStreet Ratings rates Worthington 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, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Worthington Ratings Report.

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