Lufkin Stock Falls On Unusually High Volume (LUFK)

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) -- Lufkin Industries (Nasdaq: LUFK) is trading at unusually high volume Thursday with 1.1 million shares changing hands. It is currently at 2.2 times its average daily volume and trading down $2.35 (-3.5%) at $64.90 as of 4 p.m. ET.

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Lufkin has a market cap of $2.28 billion and is part of the basic materials sector and energy industry. Shares are up 16.6% year to date as of the close of trading on Wednesday.

Lufkin Industries, Inc. manufactures and supplies oilfield and power transmission products for use in energy infrastructure and industrial applications. The company operates through two segments, Oil Field and Power Transmission. The company has a P/E ratio of 27.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lufkin as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins. You can view the full Lufkin 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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