Blount International Rises On Unusually High Volume (BLT)
Blount International (NYSE:BLT) is trading at unusually high volume Monday with 1.3 million shares changing hands. It is currently at 5.7 times its average daily volume and trading up 42 cents (+2.5%).
NEW YORK ( TheStreet) -- Blount International (NYSE: BLT) is trading at unusually high volume Monday with 1.3 million shares changing hands. It is currently at 5.7 times its average daily volume and trading up 42 cents (+2.5%) at $17.10 as of 2:45 p.m. ET. Blount International has a market cap of $783.1 million and is part of the consumer goods sector and consumer durables industry. Shares are up 14.9% year to date as of the close of trading on Friday. Blount International, Inc., together with its subsidiaries, designs, manufactures, and markets equipment, replacement and component parts, and accessories to forestry, lawn and garden, farm, ranch, agriculture, and construction sectors in the United States and internationally. The company has a P/E ratio of 16.7, above the average consumer durables industry P/E ratio of 15.2 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Blount International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Blount International 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.