Wabash Rises On Unusually High Volume (WNC)

NEW YORK ( TheStreet) -- Wabash National Corporation (NYSE: WNC) is trading at unusually high volume Tuesday with 3.7 million shares changing hands. It is currently at four times its average daily volume and trading up $1.02 (+11%) at $10.29 as of 2:35 p.m. ET.

Wabash has a market cap of $605.8 million and is part of the consumer goods sector and automotive industry. Shares are up 18.2% year to date as of the close of trading on Monday.

Wabash National Corporation engages in designing, manufacturing, and marketing truck trailers and related transportation equipment. It operates through two segments, Manufacturing, and Retail and Distribution. The company has a P/E ratio of 13.3, above the average automotive industry P/E ratio of 12.8 and below the S&P 500 P/E ratio of 17.7.

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

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