Flowers Rises On Unusually High Volume (FLO)
NEW YORK (TheStreet) -- Flowers Foods (NYSE:FLO) is trading at unusually high volume Thursday with 2.5 million shares changing hands. It is currently at four times its average daily volume and trading up $1.20 (+5.8%) at $22.03 as of 2:25 p.m. ET. Flowers has a market cap of $2.88 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 9.7% year to date as of the close of trading on Wednesday. Flowers Foods, Inc. produces and markets bakery products in the United States. It operates in two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The company has a P/E ratio of 24, above the average food & beverage industry P/E ratio of 23.8 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Flowers as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Flowers 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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