Quanex Building Stock Falls On Unusually High Volume (NX)
Quanex Building Products (NYSE:NX) is trading at unusually high volume Friday with 1.5 million shares changing hands. It is currently at 4.9 times its average daily volume and trading down 56 cents (-4.2%).
NEW YORK ( TheStreet) -- Quanex Building Products (NYSE: NX) is trading at unusually high volume Friday with 1.5 million shares changing hands. It is currently at 4.9 times its average daily volume and trading down 56 cents (-4.2%) at $12.87 as of 4:06 p.m. ET. Quanex Building has a market cap of $511.3 million and is part of the industrial goods sector and materials & construction industry. Shares are down 29.2% year to date as of the close of trading on Thursday. Quanex Building Products Corporation provides engineered and aluminum sheet products. Its Engineered Products segment produces window and door components for original equipment manufacturers that primarily serve the residential construction and remodeling markets. The company has a P/E ratio of 56.3, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Quanex Building as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins. You can view the full Quanex Building Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.