SPX Rises On Unusually High Volume (SPW)

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) -- SPX Corporation (NYSE: SPW) is trading at unusually high volume Monday with 1.6 million shares changing hands. It is currently at two times its average daily volume and trading up $2.01 (+3.3%) at $62.95 as of 3:05 p.m. ET.

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SPX has a market cap of $3.09 billion and is part of the industrial goods sector and industrial industry. Shares are up 1% year to date as of the close of trading on Friday.

SPX Corporation provides flow technology products, test and measurement products, thermal equipment and services, and industrial products and services worldwide. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates SPX as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in stock price during the past year, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full SPX 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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