Polypore International Reaches New 52-Week High (PPO) - TheStreet

NEW YORK (

TheStreet

) --

Polypore International

(NYSE:

PPO

) hit a new 52-week high Thursday as it is currently trading at $71.48, above its previous 52-week high of $71 with 80,373 shares traded as of 9:48 a.m. ET. Average volume has been 889,500 shares over the past 30 days.

Polypore International has a market cap of $3 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are up 71.1% year to date as of the close of trading on Wednesday.

Polypore International, Inc., a technology filtration company, develops, manufactures, and markets microporous membranes used in separation and filtration processes. It operates in two segments, Energy Storage and Separations Media. The company has a P/E ratio of 42.3, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Polypore International as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

Polypore International Ratings Report

.

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