NEW YORK (

TheStreet

) --

SPX Corporation

(NYSE:

SPW

) hit a new 52-week low Thursday as it is currently trading at $48.91, below its previous 52-week low of $48.94 with 775,791 shares traded as of 1:50 p.m. ET. Average volume has been 563,300 shares over the past 30 days.

SPX has a market cap of $2.6 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are down 27.7% year to date as of the close of trading on Wednesday.

SPX Corporation provides flow technology products, test and measurement products, thermal equipment and services, and industrial products and services worldwide. The company's Flow Technology segment provides products and solutions that are used to blend, meter, and transport fluids. The company has a P/E ratio of 16.2, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

  • Practice your SPW trading strategies and win cash in our stock game.

TheStreet Ratings rates SPX 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 notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full

SPX Ratings Report

.

See all

52-week low stocks

or get investment ideas from our

investment research center

.

null