Dril-Quip Reaches New 52-Week High (DRQ)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Monday as it is currently trading at $95.53, above its previous 52-week high of $95.44 with 39,491 shares traded as of 10:25 a.m. ET. Average volume has been 386,900 shares over the past 30 days.
Dril-Quip has a market cap of $3.76 billion and is part of the basic materials sector and energy industry. Shares are up 29.3% year to date as of the close of trading on Friday.
Dril-Quip, Inc. designs, manufactures, sells, and services engineered offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. It operates in three segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates
Dril-Quip
as a
. 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full
.
See all
52-week high stocks
or get investment ideas from our
.
.
null