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) -- Rockwood Holdings (NYSE: ROC) is trading at unusually high volume Friday with 2.2 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $2.94 (+5.8%) at $53.67 as of 3:40 p.m. ET.
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Rockwood has a market cap of $3.93 billion and is part of the basic materials sector and chemicals industry. Shares are up 2.6% year to date as of the close of trading on Thursday. Rockwood Holdings, Inc. develops, manufactures, and markets specialty chemicals and materials for industrial and commercial applications primarily in Germany, the United States, and Europe. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Rockwood as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, solid stock price performance, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Rockwood Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
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Huntsman (HUN) stock is up after the chemical company announced that the European Commission approved its acquisition of the performance additives and titanium dioxide business from Rockwood Holdings (ROC).