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 4.1 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $3.55 (+5.6%) at $67.09 as of 10:47 a.m. ET.
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Joy Global has a market cap of $6.79 billion and is part of the industrial goods sector and industrial industry. Shares are down 1.4% 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. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The company has a P/E ratio of 8.8, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Joy Global as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. 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. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.