HJ Heinz Rises On Unusually High Volume (HNZ)

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) -- HJ Heinz Company (NYSE: HNZ) is trading at unusually high volume Thursday with 11.9 million shares changing hands. It is currently at 7.4 times its average daily volume and trading up $11.97 (+19.8%) at $72.45 as of 9:30 a.m. ET.

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HJ Heinz has a market cap of $19.52 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 5.5% year to date as of the close of trading on Wednesday.

H. J. Heinz Company, together with its subsidiaries, manufactures and markets food products for consumers, and foodservice and institutional customers in North America, Europe, the Asia Pacific, and internationally. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates HJ Heinz as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, reasonable valuation levels and expanding profit margins. 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 HJ Heinz 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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