Huntsman Corporation (NYSE:HUN) is trading at unusually high volume Thursday with 6.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 88 cents (+4.9%).
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) -- Huntsman Corporation (NYSE: HUN) is trading at unusually high volume Thursday with 6.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 88 cents (+4.9%) at $18.73 as of 4 p.m. ET.
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Huntsman has a market cap of $4.27 billion and is part of the basic materials sector and chemicals industry. Shares are up 12% year to date as of the close of trading on Wednesday. Huntsman Corporation engages in the manufacture and sale of differentiated organic and inorganic chemical products worldwide. The company has a P/E ratio of 8.4, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Huntsman as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Huntsman 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.