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.

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