2. As of noon trading, Joy Global ( JOY) is down $2.29 (-4.0%) to $54.95 on heavy volume Thus far, 4.1 million shares of Joy Global exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $54.92-$57.22 after having opened the day at $57.21 as compared to the previous trading day's close of $57.24. 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. Joy Global has a market cap of $6.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 43.7, above the S&P 500 P/E ratio of 17.7. Shares are down 10.3% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Joy Global as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Joy Global Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.