NEW YORK (

TheStreet

) --

Simpson Manufacturing

(NYSE:

SSD

) hit a new 52-week high Wednesday as it is currently trading at $32.30, above its previous 52-week high of $32.25 with 96,832 shares traded as of 11:06 a.m. ET. Average volume has been 233,400 shares over the past 30 days.

Simpson has a market cap of $1.38 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are down 1.1% year to date as of the close of trading on Tuesday.

Simpson Manufacturing Co., Inc., through its subsidiaries, engages in the design, engineering, manufacture, and sale of building products. The company has a P/E ratio of 36.2, above the average industrial industry P/E ratio of 34.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Simpson 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, expanding profit margins, growth in earnings per share and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Simpson Ratings Report

.

See all

52-week high stocks

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