BorgWarner Rises On Unusually High Volume (BWA)

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) -- BorgWarner (NYSE: BWA) is trading at unusually high volume Wednesday with 2.4 million shares changing hands. It is currently at two times its average daily volume and trading up $1.87 (+2.5%) at $75.50 as of 3:55 p.m. ET.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

BorgWarner has a market cap of $8.42 billion and is part of the consumer goods sector and automotive industry. Shares are up 2.8% year to date as of the close of trading on Tuesday.

BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company's Engine segment offers turbochargers, emissions systems, thermal systems, diesel cold start and gasoline ignition technology, and cabin heaters. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates BorgWarner 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 and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full BorgWarner Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

Cramer: Irma and Harvey Busted the Algos

Auto Parts Stocks Need Repair Following Weak Showing From U.S. Automakers

Energy Stocks Downgraded as Oil Enters Bear Market

Analysts' Actions -- Autodesk, Estee Lauder, Newell Brands, Western Digital and More