Schweitzer-Mauduit International Rises On Unusually High Volume (SWM)
Schweitzer-Mauduit International (NYSE:SWM) is trading at unusually high volume Thursday with 597,889 shares changing hands. It is currently at four times its average daily volume and trading up $1.44 (+2.6%).
NEW YORK ( TheStreet) -- Schweitzer-Mauduit International (NYSE: SWM) is trading at unusually high volume Thursday with 597,889 shares changing hands. It is currently at four times its average daily volume and trading up $1.44 (+2.6%) at $56.74 as of 3:52 p.m. ET. Schweitzer-Mauduit International has a market cap of $965.8 million and is part of the consumer goods sector and consumer non-durables industry. Shares are down 12.1% year to date as of the close of trading on Wednesday. Schweitzer-Mauduit International, Inc. manufactures and sells paper and reconstituted tobacco products to the tobacco industry, as well as specialized paper products for use in other applications. The company has a P/E ratio of 14.9, below the average consumer non-durables industry P/E ratio of 17 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Schweitzer-Mauduit International as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Schweitzer-Mauduit International 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.