Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
NEW YORK (
) hit a new 52-week high Friday as it is currently trading at $51.14, above its previous 52-week high of $51.05 with 415,142 shares traded as of 12:05 p.m. ET. Average volume has been 776,200 shares over the past 30 days.
Harris has a market cap of $5.7 billion and is part of the
industry. Shares are up 40.7% year to date as of the close of trading on Thursday.
Harris Corporation, together with its subsidiaries, operates as an international communications and information technology company that serves government and commercial markets worldwide. The company has a P/E ratio of 10.5, below the average telecommunications industry P/E ratio of 194.6 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Harris as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
52-week high stocks
or get investment ideas from our
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