Timken Rises On Unusually High Volume (TKR)

NEW YORK ( TheStreet) -- Timken Company (NYSE: TKR) is trading at unusually high volume Wednesday with 5.7 million shares changing hands. It is currently at four times its average daily volume and trading up 87 cents (+2.4%) at $37.07 as of 11 a.m. ET.

Timken has a market cap of $3.61 billion and is part of the industrial goods sector and industrial industry. Shares are down 4.5% year to date as of the close of trading on Tuesday.

The Timken Company develops, manufactures, markets, and sells anti-friction bearings and assemblies, alloy steels, and mechanical power transmission systems. It operates through four segments: Mobile Industries, Process Industries, Aerospace and Defense, and Steel. The company has a P/E ratio of 6.5, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Timken as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Timken Ratings Report.

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