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) -- Albemarle (NYSE: ALB) is trading at unusually high volume Wednesday with 1.4 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.69 (+2.6%) at $66.02 as of 12:52 p.m. ET.
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Albemarle has a market cap of $5.75 billion and is part of the basic materials sector and chemicals industry. Shares are up 3.7% year to date as of the close of trading on Tuesday. Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. The company has a P/E ratio of 17, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Albemarle 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, solid stock price performance 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 Albemarle 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.