Huntington Rises On Unusually High Volume (HBAN)

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) -- Huntington (Nasdaq: HBAN) is trading at unusually high volume Thursday with 23.1 million shares changing hands. It is currently at two times its average daily volume and trading up 17 cents (+2.5%) at $6.89 as of 1:15 p.m. ET.

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Huntington has a market cap of $5.68 billion and is part of the financial sector and banking industry. Shares are up 3.9% year to date as of the close of trading on Wednesday.

Huntington Bancshares Incorporated operates as the holding company for The Huntington National Bank that provides commercial, small business, and consumer banking services. The company has a P/E ratio of 10.1, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Huntington as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Huntington Ratings Report.

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