NEW YORK ( TheStreet) -- Hexcel Corporation (NYSE: HXL) is trading at unusually high volume Thursday with 3.3 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $2.32 (+9.5%) at $26.69 as of 3:59 p.m. ET. Hexcel has a market cap of $2.47 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 0.7% year to date as of the close of trading on Wednesday. Hexcel Corporation, together with its subsidiaries, engages in the development, manufacture, and marketing of lightweight and high-performance composites for use in commercial aerospace, space and defense, and industrial applications. The company has a P/E ratio of 17.6, below the average aerospace/defense industry P/E ratio of 18 and equal to the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Hexcel as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Hexcel 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.