Wabash Rises On Unusually High Volume (WNC)

NEW YORK ( TheStreet) -- Wabash National Corporation (NYSE: WNC) is trading at unusually high volume Wednesday with 6.3 million shares changing hands. It is currently at 5.5 times its average daily volume and trading up 39 cents (+4.5%) at $9.06 as of 3:35 p.m. ET.

Wabash has a market cap of $611.5 million and is part of the consumer goods sector and automotive industry. Shares are up 10.6% year to date as of the close of trading on Tuesday.

Wabash National Corporation engages in designing, manufacturing, and marketing standard and customized truck trailers, intermodal equipment, and transportation related products in North America. It operates in three segments: Commercial Trailer Products, Diversified Products, and Retail. The company has a P/E ratio of 41.3, above the average automotive industry P/E ratio of 40.7 and above the S&P 500 P/E ratio of 17.7.

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

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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