NEW YORK (
) hit a new 52-week high Friday as it is currently trading at $72.27, above its previous 52-week high of $72.21 with 1.6 million shares traded as of 2:39 p.m. ET. Average volume has been 2.7 million shares over the past 30 days.
Cooper has a market cap of $11.23 billion and is part of the
industry. Shares are up 31.8% year to date as of the close of trading on Thursday.
Cooper Industries plc manufactures and sells electrical components and tools in the United States and internationally. It operates in two segments, Energy and Safety Solutions, and Electrical Products Group. The company has a P/E ratio of 17, below the average electronics industry P/E ratio of 17.9 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Cooper as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and expanding profit margins. 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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