Kaydon Rises On Unusually High Volume (KDN)

NEW YORK ( TheStreet) -- Kaydon Corporation (NYSE: KDN) is trading at unusually high volume Friday with 776,142 shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.98 (+5.6%) at $37.47 as of 11:55 a.m. ET.

Kaydon has a market cap of $1.09 billion and is part of the industrial goods sector and industrial industry. Shares are up 16.4% year to date as of the close of trading on Thursday.

Kaydon Corporation engages in the design, manufacture, and sale of custom engineered, and performance-critical products in the United States, Germany, and internationally. The company has a P/E ratio of 22, above the average industrial industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kaydon as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Kaydon Ratings Report.

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