SPX Stock Falls On Unusually High Volume (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) is trading at unusually high volume Wednesday with 1.1 million shares changing hands. It is currently at two times its average daily volume and trading down $5.91 (-7.9%) at $68.60 as of 11:10 a.m. ET.

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SPX has a market cap of $3.52 billion and is part of the industrial goods sector and industrial industry. Shares are up 6.2% year to date as of the close of trading on Tuesday.

SPX Corporation provides specialized engineered solutions worldwide. It operates in two segments, Flow Technology, and Thermal Equipment and Services.

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, a generally disappointing performance in the stock itself and poor profit margins. You can view the full SPX Ratings Report.

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