NEW YORK (
) hit a new 52-week high Wednesday as it traded at $34.48 compared with its previous 52-Week high of $34.42. Mueller is changing hands at $34.48 with 108,180 shares traded as of 1:46 p.m. ET. Average volume has been 161,500 shares over the past 30 days.
Mueller has a market cap of $1.3 billion and is part of the
industry. Shares are up 4.3% year to date as of the close of trading on Tuesday.
Mueller Industries, Inc. manufactures copper, brass, plastic, and aluminum products. It operates in two segments, Plumbing and Refrigeration, and Original Equipment Manufacturers (OEM). The company has a P/E ratio of 14.9, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 16.1.
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TheStreet Ratings rates Mueller as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance 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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