NEW YORK (
) hit a new 52-week high Thursday as it is currently trading at $59.63, above its previous 52-week high of $59.04 with 289,083 shares traded as of 10:06 a.m. ET. Average volume has been 519,400 shares over the past 30 days.
Carpenter Technology has a market cap of $2.5 billion and is part of the
industry. Shares are up 36.5% year to date as of the close of trading on Wednesday.
Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals primarily in the United States, Europe, the Asia Pacific, Mexico, and Canada. The company operates in two segments, Advanced Metals Operations and Premium Alloys Operations. The company has a P/E ratio of 49.8, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Carpenter Technology as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth, solid stock price performance, impressive record of earnings per share growth 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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