Spirit AeroSystems Rises On Unusually High Volume (SPR)
Spirit AeroSystems Holdings (NYSE:SPR) is trading at unusually high volume Thursday with 3.3 million shares changing hands. It is currently at two times its average daily volume and trading up 41 cents (+2.1%).
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) -- Spirit AeroSystems Holdings (NYSE: SPR) is trading at unusually high volume Thursday with 3.3 million shares changing hands. It is currently at two times its average daily volume and trading up 41 cents (+2.1%) at $20.11 as of 3:15 p.m. ET.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Spirit AeroSystems has a market cap of $2.29 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 16.1% year to date as of the close of trading on Wednesday. Spirit AeroSystems Holdings, Inc., through its subsidiaries, operates as a non-original equipment manufacturer (OEM) that designs and manufactures commercial aerostructures worldwide. It operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The company has a P/E ratio of 80.8, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Spirit AeroSystems as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. 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 Spirit AeroSystems 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.