Tenaris Rises On Unusually High Volume (TS)

NEW YORK ( TheStreet) -- Tenaris (NYSE: TS) is trading at unusually high volume Tuesday with 2.7 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up $2.02 (+4.9%) at $43.06 as of 3:30 p.m. ET.

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Tenaris has a market cap of $23.77 billion and is part of the basic materials sector and metals & mining industry. Shares are down 3.9% year to date as of the close of trading on Monday.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Tenaris 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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