Magna International Rises On Unusually High Volume (MGA)

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) -- Magna International (NYSE: MGA) is trading at unusually high volume Friday with 1.4 million shares changing hands. It is currently at two times its average daily volume and trading up $1.93 (+3.1%) at $64.64 as of 2 p.m. ET.

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Magna International has a market cap of $14.66 billion and is part of the services sector and wholesale industry. Shares are up 25.4% year to date as of the close of trading on Thursday.

Magna International Inc. designs, develops, manufactures, and engineers automotive systems and components to original equipment manufacturers primarily in North America, Europe, and internationally. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Magna International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Magna International Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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