Georgia Gulf Rises On Unusually High Volume (GGC)

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) -- Georgia Gulf (NYSE: GGC) is trading at unusually high volume Wednesday with 5.2 million shares changing hands. It is currently at 3.8 times its average daily volume and trading up $1.44 (+3%) at $48.79 as of 2:08 p.m. ET.

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Georgia Gulf has a market cap of $1.63 billion and is part of the basic materials sector and chemicals industry. Shares are up 14.1% year to date as of the close of trading on Tuesday.

Georgia Gulf Corporation engages in the manufacture and marketing of chemicals and building products in the United States and internationally. It operates through three segments: Chlorovinyls, Building Products, and Aromatics. The company has a P/E ratio of 19.4, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Georgia Gulf as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Georgia Gulf Ratings Report.

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

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