Watts Water Stock Hits New 52-Week High (WTS)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Tuesday as it is currently trading at $40.82, above its previous 52-week high of $40.64 with 160,590 shares traded as of 11:10 a.m. ET. Average volume has been 291,400 shares over the past 30 days.
Watts Water has a market cap of $1.09 billion and is part of the
sector and
industry. Shares are up 16.8% year to date as of the close of trading on Friday.
Watts Water Technologies, Inc. designs, manufactures, and sells water safety and flow control products for the water quality, water conservation, water safety, and water flow control markets in North America, Europe, and China. The company has a P/E ratio of 25.5, above the average industrial industry P/E ratio of 23 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Watts Water as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in net income. 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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