Georgia Gulf Stock Falls On Unusually High Volume (GGC)

NEW YORK ( TheStreet) -- Georgia Gulf (NYSE: GGC) is trading at unusually high volume Wednesday with 2.9 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.08 (-3.1%) at $33.96 as of 9:45 a.m. ET.

Georgia Gulf has a market cap of $1.2 billion and is part of the basic materials sector and chemicals industry. Shares are up 79.8% year to date as of the close of trading on Tuesday.

Georgia Gulf Corporation manufactures and markets chlorovinyl and aromatics chemicals, and vinyl-based building and home improvement products in the United States and internationally. It operates through three segments: Chlorovinyls, Building Products, and Aromatics. The company has a P/E ratio of 15.9, below the average chemicals industry P/E ratio of 16 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Georgia Gulf as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and generally poor debt management. You can view the full Georgia Gulf Ratings Report.

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