Robbins & Myers Rises On Unusually High Volume (RBN)
Robbins & Myers Incorporated (NYSE:RBN) is trading at unusually high volume Wednesday with 1.5 million shares changing hands. It is currently at four times its average daily volume and trading up $4.42 (+9.6%).
NEW YORK ( TheStreet) -- Robbins & Myers Incorporated (NYSE: RBN) is trading at unusually high volume Wednesday with 1.5 million shares changing hands. It is currently at four times its average daily volume and trading up $4.42 (+9.6%) at $50.25 as of 1:50 p.m. ET. Robbins & Myers has a market cap of $2.07 billion and is part of the industrial goods sector and industrial industry. Shares are down 5.6% year to date as of the close of trading on Tuesday. Robbins & Myers, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of engineered, application-critical equipment and systems for the energy, industrial, chemical, and pharmaceutical markets worldwide. The company has a P/E ratio of 20.3, above the average industrial industry P/E ratio of 12.6 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Robbins & Myers as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Robbins & Myers 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.