NEW YORK (

TheStreet

) --

Cascade Corporation

(NYSE:

CASC

) hit a new 52-week high Thursday as it is currently trading at $54.99, above its previous 52-week high of $54.94 with 5,162 shares traded as of 10:01 a.m. ET. Average volume has been 73,700 shares over the past 30 days.

Cascade has a market cap of $600.7 million and is part of the

industrial goods

sector and

industrial

industry. Shares are up 14.6% year to date as of the close of trading on Wednesday.

Cascade Corporation engages in the manufacture and distribution of material handling load engagement products and related replacement parts, primarily for the lift truck and construction industries worldwide. The company has a P/E ratio of 18.9, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cascade as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Cascade Ratings Report

.

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