NEW YORK (
Massey Energy Company
) hit a new 52-week high Tuesday as it traded at $66.12 compared with its previous 52-Week high of $66.07. Massey Energy is changing hands at $65.98 with 2.7 million shares traded as of 2:46 p.m. ET. Average volume has been 5.1 million shares over the past 30 days. Massey Energy has a market cap of $6.4 billion and is part of the
industry. Shares are up 20.6% year to date as of the close of trading on Monday.
Massey Energy Company, through its wholly owned subsidiary, A.T. Massey Coal Company, Inc., produces, processes, and sells bituminous coal primarily in the United States.
TheStreet Ratings rates Massey Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full