NEW YORK (

TheStreet

) --

Beacon Roofing Supply

(Nasdaq:

BECN

) hit a new 52-week high Friday as it is currently trading at $23.68, above its previous 52-week high of $23.54 with 293,246 shares traded as of 2:39 p.m. ET. Average volume has been 433,300 shares over the past 30 days.

Beacon Roofing Supply has a market cap of $1.04 billion and is part of the

services

sector and

wholesale

industry. Shares are up 13.5% year to date as of the close of trading on Thursday.

Beacon Roofing Supply, Inc. distributes residential and non-residential roofing materials. The company has a P/E ratio of 18.2, above the average wholesale industry P/E ratio of 17.8 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Beacon Roofing Supply as a

buy

. 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Beacon Roofing Supply Ratings Report

.

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