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Molex Inc. Class A Reaches New 52-Week High (MOLXA)

NEW YORK ( TheStreet) -- Molex Inc. Class A (Nasdaq: MOLXA) hit a new 52-week high Friday as it is currently trading at $23.43, above its previous 52-week high of $23.41 with 76,706 shares traded as of 1:08 p.m. ET. Average volume has been 190,300 shares over the past 30 days.

Molex Inc. Class A has a market cap of $1.83 billion and is part of the technology sector and electronics industry. Shares are up 17.7% year to date as of the close of trading on Thursday.

Molex Incorporated, together with its subsidiaries, engages in the design, manufacture, and sale of electronic components worldwide. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Molex Inc. Class A as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Molex Inc. Class A Ratings Report.

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