Roper Reaches New 52-Week High (ROP) - TheStreet

NEW YORK (

TheStreet

) --

Roper Industries

(NYSE:

ROP

) hit a new 52-week high Wednesday as it is currently trading at $99.90, above its previous 52-week high of $99.79 with 128,384 shares traded as of 12:24 p.m. ET. Average volume has been 476,600 shares over the past 30 days.

Roper has a market cap of $9.17 billion and is part of the

technology

sector and

electronics

industry. Shares are up 14.9% year to date as of the close of trading on Tuesday.

Roper Industries, Inc. designs, manufactures, and distributes radio frequency (RF) products and services, industrial technology products, energy systems and controls, and medical and scientific imaging products and software. The company has a P/E ratio of 22.9, above the average electronics industry P/E ratio of 22.5 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Roper as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Roper Ratings Report

.

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52-week high stocks

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