NEW YORK ( TheStreet) -- Mattel (Nasdaq: MAT) is trading at unusually high volume Tuesday with 12.3 million shares changing hands. It is currently at four times its average daily volume and trading up $2.94 (+9.5%) at $33.98 as of 3:50 p.m. ET.
Mattel has a market cap of $10.64 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 11.8% year to date as of the close of trading on Monday. Mattel, Inc., together with its subsidiaries, designs, manufactures, and markets various toy products. Its products comprise fashion dolls and accessories, vehicles and play sets, and games and puzzles. The company has a P/E ratio of 14.5, above the average consumer durables industry P/E ratio of 14.4 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Mattel 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, good cash flow from operations, expanding profit margins, notable return on equity 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 Mattel Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.