Axiall Stock Gaps Down On Today's Open (AXLL)

NEW YORK ( TheStreet) -- Shares of Axiall (NYSE: AXLL) were gapping down Friday morning with an open price 22.6% lower than Wednesday's closing price. The stock closed at $54.58 Wednesday and opened today's trading at $42.23.

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The average volume for Axiall has been 1.7 million shares per day over the past 30 days. Axiall has a market cap of $2.84 billion and is part of the basic materials sector and chemicals industry. Shares are down 1.5% year to date as of the close of trading on Wednesday.

Axiall Corporation operates as an integrated chemicals and building products company in North America and Asia.

TheStreet Ratings rates Axiall as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and weak operating cash flow. You can view the full Axiall Ratings Report.

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