Joy Global Rises On Unusually High Volume (JOY)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Joy Global (NYSE: JOY) is trading at unusually high volume Wednesday with 6.1 million shares changing hands. It is currently at 2.7 times its average daily volume and trading up $2.95 (+5.1%) at $60.82 as of 2:41 p.m. ET.

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Joy Global has a market cap of $6.13 billion and is part of the industrial goods sector and industrial industry. Shares are down 22.7% year to date as of the close of trading on Tuesday.

Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. The company operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The company has a P/E ratio of 8.3, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Joy Global as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Joy Global 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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