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 Monday as it is currently trading at $80.90, above its previous 52-week high of $80.88 with 56,177 shares traded as of 9:34 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

SPX has a market cap of $4.02 billion and is part of the industrial goods sector and industrial industry. Shares are up 14.3% 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.

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TheStreet Ratings rates SPX as a hold. 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 compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and feeble growth in the company's earnings per share. You can view the full SPX Ratings Report.

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