Harley-Davidson Rises On Unusually High Volume (HOG)

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) -- Harley-Davidson (NYSE: HOG) is trading at unusually high volume Thursday with 3.4 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.30 (+2.4%) at $54.50 as of 3:31 p.m. ET.

  • 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.

Harley-Davidson has a market cap of $11.92 billion and is part of the consumer goods sector and automotive industry. Shares are up 8.9% year to date as of the close of trading on Wednesday.

Harley-Davidson, Inc. manufactures heavyweight cruiser and touring motorcycles. The company operates through two segments: the Motorcycles segment and the Financial Services segment. The company has a P/E ratio of 19.4, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Harley-Davidson as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Harley-Davidson Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get 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.
null

If you liked this article you might like

3 New Badass Indian Motorcycles That Will Probably Make Polaris Investors Happy

Harley-Davidson Must Demonstrate Something Critical Before You Buy the Stock

Harley-Davidson CEO: Yes, Millennials Are Riding Motorcycles

Why Harley-Davidson Is Looking Scary