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) -- Baker Hughes (NYSE: BHI) is trading at unusually high volume Friday with 7.3 million shares changing hands. It is currently at two times its average daily volume and trading down $1.26 (-2.8%) at $43.34 as of 3:35 p.m. ET.
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Baker Hughes has a market cap of $19.45 billion and is part of the basic materials sector and energy industry. Shares are up 9.2% year to date as of the close of trading on Thursday. Baker Hughes Incorporated supplies oilfield services, products, and technology services and systems to the oil and natural gas industry worldwide. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Baker Hughes as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Baker Hughes Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. 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.