Lexmark International Reaches New 52-Week High (LXK)

Lexmark International (NYSE:LXK) hit a new 52-week high Tuesday as it is currently trading at $32.73, above its previous 52-week high of $32.42 with 208,839 shares traded as of 10:11 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.
By TheStreet Wire ,

NEW YORK (

TheStreet

) --

Lexmark International

(NYSE:

LXK

) hit a new 52-week high Tuesday as it is currently trading at $32.73, above its previous 52-week high of $32.42 with 208,839 shares traded as of 10:11 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Lexmark International has a market cap of $1.93 billion and is part of the technology sector and computer hardware industry. Shares are up 31.8% year to date as of the close of trading on Monday.

Lexmark International, Inc. develops, manufactures, and supplies printing and imaging solutions for offices. It offers laser printers, inkjet printers, and multifunction devices, as well as cartridges and other supplies, services, and solutions. The company has a P/E ratio of 24.8, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates

Lexmark International

as a

hold

. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and deteriorating net income. You can view the full

Lexmark International Ratings Report

.

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