Pilgrims Pride Rises On Unusually High Volume (PPC)

NEW YORK ( TheStreet) -- Pilgrims Pride (NYSE: PPC) is trading at unusually high volume Friday with five million shares changing hands. It is currently at 6.4 times its average daily volume and trading up 29 cents (+3.9%) at $7.73 as of 4:03 p.m. ET.

Pilgrims Pride has a market cap of $1.23 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 7.6% year to date as of the close of trading on Thursday.

Pilgrim's Corp. produces, processes, markets, and distributes fresh and frozen chicken products to retailers, distributors, and foodservice operators primarily in the United States.

TheStreet Ratings rates Pilgrims Pride as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Pilgrims Pride Ratings Report.

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