NEW YORK (

TheStreet

) --

Crosstex Energy

(Nasdaq:

XTXI

) hit a new 52-week high Thursday as it is currently trading at $14.26, above its previous 52-week high of $14.09 with 79,166 shares traded as of 10:07 a.m. ET. Average volume has been 461,300 shares over the past 30 days.

Crosstex Energy has a market cap of $645.7 million and is part of the

basic materials

sector and

energy

industry. Shares are up 58% year to date as of the close of trading on Wednesday.

Crosstex Energy, Inc., through its partnership interest in Crosstex Energy, L.P., engages in gathering, transmission, processing, and marketing natural gas and natural gas liquids (NGLs) in the United States.

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TheStreet Ratings rates Crosstex Energy as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full

Crosstex Energy Ratings Report

.

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