NEW YORK (
) hit a new 52-week high Thursday as it is currently trading at $27.13, above its previous 52-week high of $27 with 143,433 shares traded as of 10:05 a.m. ET. Average volume has been 412,300 shares over the past 30 days.
Hawaiian Electric has a market cap of $2.59 billion and is part of the
industry. Shares are up 1.1% year to date as of the close of trading on Wednesday.
Hawaiian Electric Industries, Inc., through its subsidiaries, primarily engages in electric utility and banking businesses primarily in Hawaii. The company has a P/E ratio of 17.3, below the average utilities industry P/E ratio of 17.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Hawaiian Electric as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
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