Trade-Ideas LLC identified

Clarcor

(

CLC

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Clarcor as such a stock due to the following factors:

  • CLC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.9 million.
  • CLC has traded 58,566 shares today.
  • CLC is trading at 8.90 times the normal volume for the stock at this time of day.
  • CLC is trading at a new high 6.19% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on CLC:

CLARCOR Inc. provides filtration products, filtration systems, and services worldwide. The stock currently has a dividend yield of 1.7%. CLC has a PE ratio of 19. Currently there are no analysts that rate Clarcor a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for Clarcor has been 373,600 shares per day over the past 30 days. Clarcor has a market cap of $2.5 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.24 and a short float of 6% with 12.11 days to cover. Shares are up 3.4% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Clarcor as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and disappointing return on equity.

Highlights from the ratings report include:

  • The current debt-to-equity ratio, 0.37, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, CLC has a quick ratio of 1.78, which demonstrates the ability of the company to cover short-term liquidity needs.
  • 36.91% is the gross profit margin for CLARCOR INC which we consider to be strong. Regardless of CLC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, CLC's net profit margin of 8.87% compares favorably to the industry average.
  • Net operating cash flow has declined marginally to $52.48 million or 8.72% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, CLARCOR INC has marginally lower results.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Machinery industry and the overall market, CLARCOR INC's return on equity is below that of both the industry average and the S&P 500.

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