Cooper Tire & Rubber Rises On Unusually High Volume (CTB)
Cooper Tire & Rubber Company (NYSE:CTB) is trading at unusually high volume Monday with 2.7 million shares changing hands. It is currently at four times its average daily volume and trading up $1.81 (+11.6%).
NEW YORK ( TheStreet) -- Cooper Tire & Rubber Company (NYSE: CTB) is trading at unusually high volume Monday with 2.7 million shares changing hands. It is currently at four times its average daily volume and trading up $1.81 (+11.6%) at $17.47 as of 1:05 p.m. ET. Cooper Tire & Rubber has a market cap of $971 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 11.8% year to date as of the close of trading on Friday. Cooper Tire & Rubber Company, together with its subsidiaries, manufactures and markets replacement tires in North America and internationally. It operates in two segments, North American Tire Operations and International Tire Operations. The company has a P/E ratio of 11.5, below the average consumer non-durables industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Cooper Tire & Rubber as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and poor profit margins. You can view the full Cooper Tire & Rubber 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.