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