Thermon Group Stock Falls On Unusually High Volume (THR)

NEW YORK ( TheStreet) -- Thermon Group Holdings (NYSE: THR) is trading at unusually high volume Friday with 585,722 shares changing hands. It is currently at 4.7 times its average daily volume and trading down 41 cents (-2%) at $19.96 as of 4:06 p.m. ET.

Thermon Group has a market cap of $656.5 million and is part of the industrial goods sector and industrial industry. Shares are up 15.6% year to date as of the close of trading on Thursday.

Thermon Group Holdings, Inc. offers heat tracing solutions for process industries worldwide. The company has a P/E ratio of 54.1, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Thermon Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth 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 Thermon Group Ratings Report.

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