Hubbell Rises On Unusually High Volume (HUB.B)

NEW YORK ( TheStreet) -- Hubbell (NYSE: HUB.B) is trading at unusually high volume Monday with 780,261 shares changing hands. It is currently at four times its average daily volume and trading up $3.85 (+5.3%) at $76.88 as of 3:45 p.m. ET.

Hubbell has a market cap of $3.79 billion and is part of the technology sector and electronics industry. Shares are up 8.9% year to date as of the close of trading on Friday.

Hubbell Incorporated engages in the design, manufacture, and sale of electrical and electronic products in the United States and internationally. The company operates in two segments, Electrical and Power. The company has a P/E ratio of 15.7, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Hubbell as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Hubbell Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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