Kaydon Stock Hits New 52-Week Low (KDN) - TheStreet

NEW YORK (

TheStreet

) --

Kaydon Corporation

(NYSE:

KDN

) hit a new 52-week low Friday as it is currently trading at $20.58, below its previous 52-week low of $20.67 with 8,657 shares traded as of 9:33 a.m. ET. Average volume has been 359,900 shares over the past 30 days.

Kaydon has a market cap of $689.2 million and is part of the

industrial goods

sector and

industrial

industry. Shares are down 28.1% year to date as of the close of trading on Thursday.

Kaydon Corporation engages in the design, manufacture, and sale of custom engineered, performance-critical products in the United States, Germany, and internationally. The company has a P/E ratio of 14, below the average industrial industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Kaydon as a

hold

. 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 and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full

Kaydon Ratings Report

.

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