Georgia Gulf Stock Falls On Unusually High Volume (GGC)

NEW YORK (TheStreet) -- Georgia Gulf (NYSE:GGC) is trading at unusually high volume Friday with 2.1 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $2.92 (-9.4%) at $28.24 as of 3:46 p.m. ET.

Georgia Gulf has a market cap of $1.1 billion and is part of the basic materials sector and chemicals industry. Shares are up 59.9% year to date as of the close of trading on Thursday.

Georgia Gulf Corporation engages in the manufacture and marketing of chemicals and building products in the United States and internationally. It operates through three segments: Chlorovinyls, Building Products, and Aromatics. The company has a P/E ratio of 13.8, above the average chemicals industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Georgia Gulf as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, generally poor debt management and disappointing return on equity. You can view the full Georgia Gulf Ratings Report.

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