Shares of Celanese Corporation (NYSE:CE) were gapping up Friday morning with an open price 14.1% higher than Thursday's closing price. The stock closed at $42.23 yesterday and opened today's trading at $48.18.
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) -- Shares of Celanese Corporation (NYSE: CE) were gapping up Friday morning with an open price 14.1% higher than Thursday's closing price. The stock closed at $42.23 Thursday and opened today's trading at $48.18.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
The average volume for Celanese has been 1.4 million shares per day over the past 30 days. Celanese has a market cap of $6.76 billion and is part of the basic materials sector and chemicals industry. Shares are down 5.2% year to date as of the close of trading on Thursday. Celanese Corporation engages in manufacture and sale of value-added chemicals, thermoplastic polymers, and other chemical-based products. The company operates in four segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Celanese as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Celanese Ratings Report. Get more investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.