BOSTON (TheStreet) -- U.S. stocks rallied yesterday on news that existing home sales rose to the highest level since November 2007. Indices pared gains in the afternoon, but a handful of stocks continued to rise. Here are three that hit 52-week highs.
3. Mettler-Toledo (MTD) rose 2.2% to $106.02. Shares of the medical instrument and lab software company have risen 6.7% during the past month.
The numbers: Third-quarter net income fell 21% to $42 million, or $1.21 a share, as revenue dropped 14% to $436 million. Mettler-Toledo's gross margin widened from 50% to 53%, and its operating margin expanded from 14% to 16%. The company has an adequate liquidity position, evident in its quick ratio of 0.9. Its 0.5 debt-to-equity ratio demonstrates conservative leverage.
The stock: We rate Mettler-Toledo "buy." The stock has returned 57% this year, more than major U.S. indices. The shares are cheap relative to peers, based on earnings, projected earnings, sales and cash flow. However, they're expensive based on book value. Mettler-Toledo's quarterly return on equity was 26%, beating averages for the industry and the S&P 500 Index.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV