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) -- W. R. Grace (NYSE: GRA) is trading at unusually high volume Wednesday with 1.1 million shares changing hands. It is currently at two times its average daily volume and trading down $2.30 (-3%) at $73.65 as of 10:50 a.m. ET.
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W. R. Grace has a market cap of $5.75 billion and is part of the basic materials sector and chemicals industry. Shares are up 13% year to date as of the close of trading on Tuesday. W.R. Grace & Co. engages in the production and sale of specialty chemicals and materials worldwide. The company has a P/E ratio of 61.9, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates W. R. Grace as a sell. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time. You can view the full W. R. Grace 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.
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.