SPX Stock Hits New 52-Week High (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) hit a new 52-week high Thursday as it is currently trading at $79.78, above its previous 52-week high of $79.42 with 703,734 shares traded as of 10:40 a.m. ET. Average volume has been one million shares over the past 30 days.

SPX has a market cap of $3.87 billion and is part of the industrial goods sector and industrial industry. Shares are up 8.7% year to date as of the close of trading on Wednesday.

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 24.8, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates SPX 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 and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full SPX Ratings Report.

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