Heckmann Rises On Unusually High Volume (HEK)

NEW YORK ( TheStreet) -- Heckmann (NYSE: HEK) is trading at unusually high volume Tuesday with 3.5 million shares changing hands. It is currently at four times its average daily volume and trading up 40 cents (+7.2%) at $5.97 as of 3:02 p.m. ET.

Heckmann has a market cap of $626.2 million and is part of the financial sector and financial services industry. Shares are up 10.7% year to date as of the close of trading on Monday.

Heckmann Corporation, a holding company, acquires or makes investments in various businesses. The company, through its subsidiary, China Water & Drinks, Inc., engages in the manufacture and sale of bottled water products in the People's Republic of China.

TheStreet Ratings rates Heckmann as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Heckmann Ratings Report.

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