Colfax Stock Hits New 52-Week High (CFX)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Thursday as it is currently trading at $34.34, above its previous 52-week high of $34.12 with 1.1 million shares traded as of 3:29 p.m. ET. Average volume has been 710,900 shares over the past 30 days.
Colfax has a market cap of $1.39 billion and is part of the
sector and
industry. Shares are up 15.3% year to date as of the close of trading on Wednesday.
Colfax Corporation engages in the design, manufacture, and marketing of fluid handling products to commercial marine, oil and gas, power generation, defense, and general industrial sectors worldwide. The company has a P/E ratio of 24.9, below the average industrial industry P/E ratio of 48.4 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Colfax as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
.
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