NEW YORK (
) is trading at unusually high volume Thursday with 1.2 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 28 cents (+2.7%) at $10.66 as of 3:50 p.m. ET.
Noranda Aluminum has a market cap of $707.3 million and is part of the
industry. Shares are up 25.8% year to date as of the close of trading on Wednesday.
Noranda Aluminum Holding Corporation engages in the production and sale of primary aluminum products and rolled aluminum coils in the United States. It mines, produces, and sells bauxite used for alumina production. The company has a P/E ratio of 5.5, above the average metals & mining industry P/E ratio of 4.5 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Noranda Aluminum as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and a generally disappointing performance in the stock itself. You can view the full
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