NEW YORK (

TheStreet

) --

Cascade Corporation

(NYSE:

CASC

) hit a new 52-week high Wednesday as it is currently trading at $55.85, above its previous 52-week high of $55.67 with 12,422 shares traded as of 11:21 a.m. ET. Average volume has been 43,500 shares over the past 30 days.

Cascade has a market cap of $598.4 million and is part of the

industrial goods

sector and

industrial

industry. Shares are up 17.2% year to date as of the close of trading on Tuesday.

Cascade Corporation, together with its subsidiaries, engages in the manufacture and distribution of materials handling load engagement devices and related replacement parts primarily for the lift truck and to construction industries worldwide. The company has a P/E ratio of 11.4, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

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 low profit margins. You can view the full

Cascade Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null