Ferro Stock Falls On Unusually High Volume (FOE)

NEW YORK ( TheStreet) -- Ferro (NYSE: FOE) is trading at unusually high volume Wednesday with five million shares changing hands. It is currently at 4.4 times its average daily volume and trading down $1.29 (-18.9%) at $5.55 as of 3:55 p.m. ET.

Ferro has a market cap of $544.5 million and is part of the basic materials sector and chemicals industry. Shares are up 39.9% year to date as of the close of trading on Tuesday.

Ferro Corporation, together with its subsidiaries, engages in the production of specialty materials and chemicals for a range of manufacturers worldwide. Its product lines include electronics, color, and glass materials; and polymer and ceramic engineered materials. The company has a P/E ratio of 9.6, above the average chemicals industry P/E ratio of 8.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ferro as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Ferro Ratings Report.

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