NEW YORK ( TheStreet) -- Embraer (NYSE: ERJ) is trading at unusually high volume Tuesday with 5.2 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 45 cents (+2.1%) at $21.85 as of 2:51 p.m. ET.

Embraer has a market cap of $4.6 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 27.2% year to date as of the close of trading on Monday.

Embraer S.A. engages in the development, production, and sale of jet and turboprop aircraft for civil and defense aviation markets. The company has a P/E ratio of 13.6, above the average aerospace/defense industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Embraer as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Embraer Ratings Report.

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