NEW YORK (

TheStreet

) --

Massey Energy Company

(NYSE:

MEE

) hit a new 52-week high Friday as it traded at $69.54 compared with its previous 52-Week high of $69.19. Massey Energy is changing hands at $69.43 with 59,620 shares traded as of 9:41 a.m. ET. Average volume has been 5.3 million shares over the past 30 days.

Massey Energy has a market cap of $7.1 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are up 27.4% year to date as of the close of trading on Thursday.

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.

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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 poor profit margins. You can view the full

Massey Energy Ratings Report

.

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