NEW YORK ( TheStreet) -- Federal-Mogul Corp (Nasdaq: FDML) is trading at unusually high volume Friday with 658,783 shares changing hands. It is currently at four times its average daily volume and trading up $2.46 (+10.9%) at $25.08 as of 12:50 p.m. ET.

Federal-Mogul has a market cap of $2.3 billion and is part of the consumer goods sector and automotive industry. Shares are up 9.5% year to date as of the close of trading on Thursday.

Federal-Mogul Corporation manufactures and distributes parts, components, modules, and systems to customers in the automotive, small engine, heavy-duty, marine, railroad, aerospace, and industrial markets worldwide. The company has a P/E ratio of 14.1, equal to the average automotive industry P/E ratio and below the S&P 500 P/E ratio of 15.6.

TheStreet Ratings rates Federal-Mogul as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and generally poor debt management. You can view the full Federal-Mogul Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.