Teledyne Reaches New 52-Week High (TDY)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Friday as it is currently trading at $61.22, above its previous 52-week high of $60.98 with 11,694 shares traded as of 9:35 a.m. ET. Average volume has been 156,000 shares over the past 30 days.
Teledyne has a market cap of $2.09 billion and is part of the
sector and
industry. Shares are up 11% year to date as of the close of trading on Thursday.
Teledyne Technologies Incorporated provides instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems in the United States and internationally. The company has a P/E ratio of 15.8, above the average aerospace/defense industry P/E ratio of 8.3 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Teledyne as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
.
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