Timken Rises On Unusually High Volume (TKR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Timken Company (NYSE: TKR) is trading at unusually high volume Wednesday with 4.6 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $4.64 (+11.2%) at $46.05 as of 2:41 p.m. ET.

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Timken has a market cap of $3.91 billion and is part of the industrial goods sector and industrial industry. Shares are up 5.4% 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 7.6, 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 largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Timken Ratings Report.

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