SPX Corporation (SPXC) Plunges 5.55% on October 30

Equities Staff  |

SPX Corporation (SPXC) had a rough trading day for Friday October 30 as shares tumbled 5.55%, or a loss of $-2.49 per share, to close at $42.39. After opening the day at $44.56, shares of SPX Corporation traded as high as $44.88 and as low as $41.99. Volume was 328,791 shares over 4,151 trades, against an average daily volume of n/a shares and a total float of 44.69 million.

As a result of the decline, SPX Corporation now has a market cap of $1.89 billion. In the last year, shares of SPX Corporation have traded between a range of $53.76 and $25.50, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of SPX Corporation, check out Equities.com’s Stock Valuation Analysis report for SPXC.

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SPX Corp is a United States-based company that supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company operates through three segments. The HVAC segment designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The detection and measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. The Engineered Solutions segment engineers, designs, manufactures, installs and services transformers for the power transmission and distribution market. The company generates almost all of its revenue from American domestic market.

SPX Corporation is based out of Charlotte, NC and has some 4,500 employees. Its CEO is Eugene Joseph Lowe.

SPX Corporation is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on SPX Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: SPXC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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