NEW YORK ( TheStreet) -- Owens Corning Incorporated (NYSE: OC) is trading at unusually high volume Wednesday with 4.7 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $2.53 (+7.5%) at $36.40 as of 3:47 p.m. ET. Owens Corning has a market cap of $4.3 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 8.7% year to date as of the close of trading on Tuesday. Owens Corning, through its subsidiaries, provides composite and building materials systems worldwide. It operates in two segments, Composites and Building Materials. The company has a P/E ratio of 4.3, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Owens Corning as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins. You can view the full Owens Corning Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
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