Celanese Rises On Unusually High Volume (CE)

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) -- Celanese Corporation (NYSE: CE) is trading at unusually high volume Tuesday with 2.5 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.83 (+4%) at $48.08 as of 4:01 p.m. ET.

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Celanese has a market cap of $7.49 billion and is part of the basic materials sector and chemicals industry. Shares are up 5.5% year to date as of the close of trading on Monday.

Celanese Corporation, a technology and specialty materials company, engages in manufacture and sale of value-added chemicals, thermoplastic polymers, and other chemical-based products. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Celanese as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Celanese Ratings Report.

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