Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. Axiall ( AXLL) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day down 1.4%. By the end of trading, Axiall fell $10.60 (-19.2%) to $44.46 on light volume. Throughout the day, 968,868 shares of Axiall exchanged hands as compared to its average daily volume of 1,373,700 shares. The stock ranged in price between $44.33-$45.20 after having opened the day at $45.15 as compared to the previous trading day's close of $55.06. Other companies within the Chemicals industry that declined today were: Verenium Corporation ( VRNM), down 16.2%, Gevo ( GEVO), down 7.1%, Methes Energies International ( MEIL), down 6.4% and BioAmber ( BIOA), down 6.2%. Axiall Corporation operates as an integrated chemicals and building products company in North America and Asia. Axiall has a market cap of $3.2 billion and is part of the basic materials sector. Shares are up 9.1% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Axiall a buy, no analysts rate it a sell, and 2 rate it a hold. TheStreet Ratings rates Axiall as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
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