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) -- Cytec Industries (NYSE: CYT) is trading at unusually high volume Wednesday with 871,056 shares changing hands. It is currently at 2.2 times its average daily volume and trading up $1.54 (+2.1%) at $74.28 as of 2:55 p.m. ET.
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Cytec has a market cap of $3.31 billion and is part of the basic materials sector and chemicals industry. Shares are up 5.7% year to date as of the close of trading on Tuesday. Cytec Industries Inc., a specialty chemicals and materials company, engages in developing, manufacturing, and selling chemical products primarily for aerospace composites, structural adhesives, automotive and industrial coatings, electronics, inks, mining, and plastics markets. The company has a P/E ratio of 36.4, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Cytec 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, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Cytec 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.