Belden Reaches New 52-Week High (BDC)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Tuesday as it is currently trading at $40.82, above its previous 52-week high of $40.77 with 22,780 shares traded as of 11:20 a.m. ET. Average volume has been 267,400 shares over the past 30 days.
Belden has a market cap of $1.84 billion and is part of the
sector and
industry. Shares are up 21.2% year to date as of the close of trading on Monday.
Belden Inc. designs, manufactures, and markets cable, connectivity, and networking products in various markets, including industrial automation, enterprise, transportation, infrastructure, and consumer electronics. The company has a P/E ratio of 19.7, above the average industrial industry P/E ratio of 13.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Belden as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
.
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