NEW YORK ( TheStreet) -- Barnes Group (NYSE: B) is trading at unusually high volume Thursday with 1.6 million shares changing hands. It is currently at four times its average daily volume and trading up 71 cents (+3.4%) at $21.68 as of 3:05 p.m. ET.

Barnes Group has a market cap of $1.1 billion and is part of the industrial goods sector and industrial industry. Shares are up 1.4% year to date as of the close of trading on Wednesday.

Barnes Group Inc. operates as an international logistical services company, and aerospace and industrial components manufacturer in the United States, Brazil, Canada, China, Germany, Korea, Mexico, Singapore, Sweden, Switzerland, Thailand, and the United Kingdom. The company has a P/E ratio of 21.8, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates Barnes Group as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, reasonable valuation levels, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Barnes Group Ratings Report.

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