Badger Meter Stock Falls On Unusually High Volume (BMI)

NEW YORK ( TheStreet) -- Badger Meter (NYSE: BMI) is trading at unusually high volume Wednesday with 789,871 shares changing hands. It is currently at 7.4 times its average daily volume and trading down 92 cents (-2.8%) at $32.17 as of 4:04 p.m. ET.

Badger Meter has a market cap of $489.2 million and is part of the technology sector and electronics industry. Shares are up 12.4% year to date as of the close of trading on Tuesday.

Badger Meter, Inc. engages in manufacturing and marketing liquid flow measurement and control technology products worldwide. Its products are used in various applications, including water, oil, and chemicals. The company has a P/E ratio of 26.4, above the average electronics industry P/E ratio of 20 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Badger Meter as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and premium valuation. You can view the full Badger Meter Ratings Report.

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