Harman International Rises On Unusually High Volume (HAR)

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) -- Harman International Industries (NYSE: HAR) is trading at unusually high volume Wednesday with 1.3 million shares changing hands. It is currently at two times its average daily volume and trading up $2.43 (+5%) at $51.26 as of 3:56 p.m. ET.

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Harman International has a market cap of $3.28 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 9.4% year to date as of the close of trading on Tuesday.

Harman International Industries, Incorporated designs, develops, manufactures, and markets audio products and electronic systems worldwide. Its Infotainment segment offers infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Harman International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels 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 Harman International Ratings Report.

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