NEW YORK (

TheStreet

) --

Ceradyne

(Nasdaq:

CRDN

) hit a new 52-week high Friday as it traded at $38.43 compared with its previous 52-Week high of $38.20. Ceradyne is changing hands at $38.23 with 20,793 shares traded as of 9:31 a.m. ET. Average volume has been 172,500 shares over the past 30 days.

Ceradyne has a market cap of $851.7 million and is part of the

industrial goods

sector and

industrial

industry. Shares are up 16% year to date as of the close of trading on Thursday.

Ceradyne, Inc. engages in the development, manufacture, and marketing of technical ceramic products, ceramic powders, and components for defense, industrial, automotive/diesel, and commercial applications in the United States and internationally. The company has a P/E ratio of 29, above the average industrial industry P/E ratio of 28.7 and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Ceradyne as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full

Ceradyne Ratings Report

.

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