Chart Rises On Unusually High Volume (GTLS)

NEW YORK ( TheStreet) -- Chart Industries (Nasdaq: GTLS) is trading at unusually high volume Tuesday with 1.6 million shares changing hands. It is currently at four times its average daily volume and trading up $4.80 (+7.3%) at $70.18 as of 3:30 p.m. ET.

Chart has a market cap of $1.64 billion and is part of the industrial goods sector and industrial industry. Shares are up 20.9% year to date as of the close of trading on Monday.

Chart Industries, Inc. manufactures and supplies engineered equipment used in the production, storage, and end-use of hydrocarbon and industrial gases in the United States, the Czech Republic, China, and internationally. The company has a P/E ratio of 42.1, above the average industrial industry P/E ratio of 36.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chart as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Chart Ratings Report.

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