Owens-Corning Rises On Unusually High Volume (OC)

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) -- Owens-Corning (NYSE: OC) is trading at unusually high volume Wednesday with 3.8 million shares changing hands. It is currently at two times its average daily volume and trading up $1.88 (+4.7%) at $42 as of 1:26 p.m. ET.

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Owens-Corning has a market cap of $4.71 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 8.5% year to date as of the close of trading on Tuesday.

Owens Corning produces and sells glass fiber reinforcements and other materials for composite systems; and residential and commercial building materials worldwide. It operates in two segments, Composites and Building Materials.

TheStreet Ratings rates Owens-Corning as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Owens-Corning Ratings Report.

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