Nordson Corporation (Nasdaq:NDSN) is trading at unusually high volume Friday with 1.4 million shares changing hands. It is currently at four times its average daily volume and trading up $4.46 (+8.8%).
NEW YORK ( TheStreet) -- Nordson Corporation (Nasdaq: NDSN) is trading at unusually high volume Friday with 1.4 million shares changing hands. It is currently at four times its average daily volume and trading up $4.46 (+8.8%) at $55.41 as of 11:55 a.m. ET. Nordson has a market cap of $2.97 billion and is part of the industrial goods sector and industrial industry. Shares are up 23.7% year to date as of the close of trading on Thursday. Nordson Corporation engineers, manufactures, and markets products and systems for precision dispensing, testing and inspection, fluid management, surface treatment, and curing. The company has a P/E ratio of 16, above the average industrial industry P/E ratio of 14 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Nordson as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Nordson 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 rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.