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) -- PPG Industries (NYSE: PPG) is trading at unusually high volume Friday with 6.5 million shares changing hands. It is currently at 2.5 times its average daily volume and trading up $2.77 (+2%) at $140.64 as of 1:36 p.m. ET.
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PPG has a market cap of $21.5 billion and is part of the basic materials sector and chemicals industry. Shares are up 3.6% year to date as of the close of trading on Thursday. PPG Industries, Inc. manufactures and supplies protective and decorative coatings. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates PPG as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full PPG 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.
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.