Mohawk Rises On Unusually High Volume (MHK)

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) -- Mohawk Industries (NYSE: MHK) is trading at unusually high volume Friday with 1.3 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $3.07 (+3%) at $105.28 as of 1:35 p.m. ET.

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Mohawk has a market cap of $7.15 billion and is part of the industrial goods sector and industrial industry. Shares are up 14.4% year to date as of the close of trading on Thursday.

Mohawk Industries, Inc., together with its subsidiaries, engages in the production and sale of floor covering products for residential and commercial markets for remodeling and new construction primarily in the United States and Europe. The company has a P/E ratio of 31.6, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Mohawk as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Mohawk 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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