Generac Stock Falls On Unusually High Volume (GNRC)

NEW YORK ( TheStreet) -- Generac Holdings (NYSE: GNRC) is trading at unusually high volume Tuesday with 940,071 shares changing hands. It is currently at four times its average daily volume and trading down $3.36 (-11.4%) at $26.23 as of 3:40 p.m. ET.

Generac has a market cap of $1.98 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 5.6% year to date as of the close of trading on Monday.

Generac Holdings Inc. designs, manufactures, and markets backup power generation products for residential, light-commercial, and industrial markets in the United States and Canada. The company has a P/E ratio of 23.1, below the average consumer durables industry P/E ratio of 23.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Generac as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Generac Ratings Report.

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