FMC Rises On Unusually High Volume (FTI)

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) -- FMC Technologies (NYSE: FTI) is trading at unusually high volume Wednesday with 3.4 million shares changing hands. It is currently at two times its average daily volume and trading up $2.46 (+5.1%) at $50.52 as of 2:45 p.m. ET.

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FMC has a market cap of $11.49 billion and is part of the basic materials sector and energy industry. Shares are up 12.8% year to date as of the close of trading on Tuesday.

FMC Technologies, Inc. provides technology solutions for the energy industry worldwide. It operates in three segments: Subsea Technologies, Surface Technologies, and Energy Infrastructure. The company has a P/E ratio of 28.6, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates FMC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full FMC 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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