Treehouse Rises On Unusually High Volume (THS)

NEW YORK ( TheStreet) -- Treehouse Foods (NYSE: THS) is trading at unusually high volume Friday with one million shares changing hands. It is currently at four times its average daily volume and trading up $2.43 (+4.4%) at $57.50 as of 3:59 p.m. ET.

Treehouse has a market cap of $2.03 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 16.3% year to date as of the close of trading on Thursday.

TreeHouse Foods, Inc. operates as a food manufacturing company servicing primarily the retail grocery and foodservice distribution channels in the United States and Canada. The company has a P/E ratio of 21.8, below the average food & beverage industry P/E ratio of 22.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Treehouse as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Treehouse 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.
null