United Stock Hits New 52-Week High (UTX)

NEW YORK (TheStreet) -- United Technologies (NYSE:UTX) hit a new 52-week high Friday as it traded at $85.55 compared with its previous 52-Week high of $85.46. United is changing hands at $85.43 with 278,655 shares traded as of 9:42 a.m. ET. Average volume has been 3.8 million shares over the past 30 days.

United has a market cap of $77.6 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 7.5% year to date as of the close of trading on Thursday.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 17.8, equal to the average conglomerates industry P/E ratio and above the S&P 500 P/E ratio of 16.4.

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TheStreet Ratings rates United as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full United Ratings Report.

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