NEW YORK (
) hit a new 52-week high Tuesday as it traded at $51.90 compared with its previous 52-Week high of $51.82. Cascade is changing hands at $51.81 with 11,876 shares traded as of 10:51 a.m. ET. Average volume has been 62,500 shares over the past 30 days.
Cascade has a market cap of $533.4 million and is part of the
industry. Shares are up 8.2% year to date as of the close of trading on Monday.
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 25.2, below the average industrial industry P/E ratio of 187.2 and above the S&P 500 P/E ratio of 16.8.
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TheStreet Ratings rates Cascade as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full
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