Magna International Stock Hits New 52-Week High (MGA) - TheStreet

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

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NEW YORK (

TheStreet

) --

Magna International

(NYSE:

MGA

) hit a new 52-week high Thursday as it is currently trading at $70.66, above its previous 52-week high of $69.63 with 123,491 shares traded as of 9:35 a.m. ET. Average volume has been 744,500 shares over the past 30 days.

Magna International has a market cap of $15.89 billion and is part of the services sector and wholesale industry. Shares are up 39.4% year to date as of the close of trading on Wednesday.

Magna International Inc. designs, develops, manufactures, and engineers automotive systems and components to original equipment manufacturers primarily in North America, Europe, and internationally. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates

Magna International

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, 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

Magna International Ratings Report

.

See all

52-week high stocks

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