Mueller Rises On Unusually High Volume (MLI)

NEW YORK ( TheStreet) -- Mueller Industries (NYSE: MLI) is trading at unusually high volume Friday with 957,368 shares changing hands. It is currently at 4.9 times its average daily volume and trading up $1.05 (+2.6%) at $41.36 as of 4 p.m. ET.

Mueller has a market cap of $1.58 billion and is part of the industrial goods sector and industrial industry. Shares are up 4.9% year to date as of the close of trading on Thursday.

Mueller Industries, Inc. engages in the manufacture and sale of copper, brass, plastic, and aluminum products in the United States, Canada, Mexico, Great Britain, and China. It operates in two segments, Plumbing and Refrigeration, and Original Equipment Manufacturers (OEM). The company has a P/E ratio of 20.2, above the average industrial industry P/E ratio of 20.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Mueller as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Mueller 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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