Bunge Rises On Unusually High Volume (BG)

NEW YORK ( TheStreet) -- Bunge (NYSE: BG) is trading at unusually high volume Wednesday with five million shares changing hands. It is currently at 4.8 times its average daily volume and trading up $2.52 (+3.8%) at $68.29 as of 10 a.m. ET.

Bunge has a market cap of $9.69 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 16.1% year to date as of the close of trading on Tuesday.

Bunge Limited, through its subsidiaries, engages in the agriculture and food businesses worldwide. The company has a P/E ratio of 14.1, above the average food & beverage industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Bunge as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Bunge 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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