Chicago Bridge Reaches New 52-Week High (CBI)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Tuesday as it is currently trading at $45.50, above its previous 52-week high of $45.12 with 165,732 shares traded as of 10 a.m. ET. Average volume has been one million shares over the past 30 days.
Chicago Bridge has a market cap of $4.19 billion and is part of the
sector and
industry. Shares are up 18.7% year to date as of the close of trading on Friday.
Chicago Bridge & Iron Company N.V. provides engineering, procurement, and construction (EPC) services, as well as process technology solutions primarily to energy and natural resource industries. The company has a P/E ratio of 18.2, above the average materials & construction industry P/E ratio of 17.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Chicago Bridge as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity 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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