NEW YORK (
) is trading at unusually high volume Wednesday with 582,504 shares changing hands. It is currently at four times its average daily volume and trading up $5.58 (+9.9%) at $61.85 as of 3:20 p.m. ET.
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Lindsay has a market cap of $722.2 million and is part of the
industry. Shares are up 2.5% year to date as of the close of trading on Tuesday.
Lindsay Corporation designs, manufactures, and sells irrigation systems that are primarily used in the agricultural industry to increase or stabilize crop production while conserving water, energy, and labor in the United States and internationally. The company has a P/E ratio of 19.6, below the average industrial industry P/E ratio of 19.7 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Lindsay as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full
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