NEW YORK ( TheStreet) -- Tyson Foods (NYSE: TSN) is trading at unusually high volume Wednesday with 19.6 million shares changing hands. It is currently at four times its average daily volume and trading up $1.21 (+8.2%) at $15.98 as of 3:50 p.m. ET.
Tyson has a market cap of $4.19 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 28.4% year to date as of the close of trading on Tuesday. Tyson Foods, Inc., together with its subsidiaries, engages in the production, distribution, and marketing of chicken, beef, pork, prepared foods, and related allied products worldwide. The company has a P/E ratio of 10.7, above the average food & beverage industry P/E ratio of 8.7 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Tyson as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Tyson Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.