SPX Stock Hits New 52-Week Low (SPW)

NEW YORK ( TheStreet) -- SPX Corporation (NYSE: SPW) hit a new 52-week low Monday as it is currently trading at $44.16, below its previous 52-week low of $44.83 with 48,983 shares traded as of 9:40 a.m. ET. Average volume has been 693,700 shares over the past 30 days.

SPX has a market cap of $2.5 billion and is part of the industrial goods sector and industrial industry. Shares are down 36.6% year to date as of the close of trading on Friday.

SPX Corporation provides flow technology products, test and measurement products, thermal equipment and services, and industrial products and services worldwide. The company has a P/E ratio of 15, 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

More from Markets

Square Jumps After Price Target Is Raised

Square Jumps After Price Target Is Raised

Fed Chief Uncertain About Policy-Making as Unemployment Hits 18-Year Low

Fed Chief Uncertain About Policy-Making as Unemployment Hits 18-Year Low

Stocks Posts Gains, Nasdaq Strikes Record High

Stocks Posts Gains, Nasdaq Strikes Record High

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up

Jim Cramer on the Problem With the Case for More Rate Hikes

Jim Cramer on the Problem With the Case for More Rate Hikes