NEW YORK (TheStreet) -- Shares of Air Products and Chemicals (APD) continue to rise, up 0.21% to $131, in after-hours trading today.
By the end of trading, 8.99 million shares of Air Products exchanged hands as compared to its average daily volume of about 721,000 shares.
The company, which is a worldwide supplier of industrial gases and equipment, specialty and intermediate chemicals, and environmental and energy systems, reached a high of 7.50% to $130.72 before the close, after announcing it has named Rockwood Holding Inc. (ROC) CEO Seifi Ghasemi as its new CEO beginning in July.
Ghasemi spent 13 years with Rockwood and is replacing retiring Air Products CEO John McGlade.
Separately, TheStreet Ratings team rates AIR PRODUCTS & CHEMICALS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate AIR PRODUCTS & CHEMICALS INC (APD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."