NEW YORK (
Westlake Chemical Corporation
) is trading at unusually high volume Tuesday with 918,599 shares changing hands. It is currently at four times its average daily volume and trading up $2.85 (+6.2%) at $48.80 as of 12:37 p.m. ET.
Westlake Chemical has a market cap of $3 billion and is part of the
industry. Shares are up 5.6% year to date as of the close of trading on Friday.
Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated products. It operates in two segments, Olefins and Vinyls. The company has a P/E ratio of 20.3, above the average chemicals industry P/E ratio of 20.2 and below the S&P 500 P/E ratio of 23.2.
TheStreet Ratings rates Westlake Chemical as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
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