Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified

Century Aluminum

(

CENX

) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Century Aluminum as such a stock due to the following factors:

  • CENX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $21.4 million.
  • CENX has traded 1.7 million shares today.
  • CENX is up 3.1% today.
  • CENX was down 6.2% yesterday.

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More details on CENX:

Century Aluminum Company, together with its subsidiaries, produces primary aluminum in the United States and Iceland. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes. CENX has a PE ratio of 9. Currently there are 2 analysts that rate Century Aluminum a buy, 2 analysts rate it a sell, and 3 rate it a hold.

The average volume for Century Aluminum has been 2.4 million shares per day over the past 30 days. Century Aluminum has a market cap of $904.5 million and is part of the basic materials sector and metals & mining industry. The stock has a beta of 0.61 and a short float of 32% with 7.42 days to cover. Shares are down 60% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Century Aluminum as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and attractive valuation levels. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 17.4%. Since the same quarter one year prior, revenues rose by 39.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • CENTURY ALUMINUM CO reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CENTURY ALUMINUM CO turned its bottom line around by earning $1.13 versus -$0.46 in the prior year. This year, the market expects an improvement in earnings ($1.22 versus $1.13).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Metals & Mining industry. The net income increased by 467.0% when compared to the same quarter one year prior, rising from -$20.10 million to $73.78 million.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. In comparison to the other companies in the Metals & Mining industry and the overall market, CENTURY ALUMINUM CO's return on equity significantly exceeds that of the industry average and is above that of the S&P 500.

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