Harman International Rises On Unusually High Volume (HAR)
NEW YORK (
) --
Harman International Industries
(NYSE:
) is trading at unusually high volume Tuesday with 2.6 million shares changing hands. It is currently at four times its average daily volume and trading up $1.73 (+3.9%) at $46.24 as of 3:15 p.m. ET.
Harman International has a market cap of $3.08 billion and is part of the
sector and
industry. Shares are up 17% year to date as of the close of trading on Monday.
Harman International Industries, Incorporated engages in the development, manufacture, and marketing of audio products and electronic systems primarily in the United States, Germany, and other parts of Europe. The company has a P/E ratio of 20.5, above the average consumer durables industry P/E ratio of 20.2 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Harman International as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
Harman International Ratings Report
.
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