NEW YORK (
) is trading at unusually high volume Thursday with 7.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 21 cents (+3.3%) at $6.68 as of 3:57 p.m. ET.
Ferro has a market cap of $535 million and is part of the
industry. Shares are down 55.8% year to date as of the close of trading on Wednesday.
Ferro Corporation, together with its subsidiaries, engages in the production of specialty materials and chemicals for a range of manufacturers worldwide. Its product lines include electronics, color, and glass materials; and polymer and ceramic engineered materials. The company has a P/E ratio of 13.4, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Ferro as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and weak operating cash flow. You can view the full
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