NEW YORK (

TheStreet

) --

Westinghouse Air Brake Technologies

(NYSE:

WAB

) hit a new 52-week high Thursday as it is currently trading at $75.35, above its previous 52-week high of $75.08 with 84,234 shares traded as of 11 a.m. ET. Average volume has been 245,500 shares over the past 30 days.

Westinghouse Air Brake has a market cap of $3.41 billion and is part of the

services

sector and

transportation

industry. Shares are up 6.7% year to date as of the close of trading on Wednesday.

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based products and services for the freight rail and passenger transit industries worldwide. The company has a P/E ratio of 20.2, below the average transportation industry P/E ratio of 22.2 and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates Westinghouse Air Brake 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, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Westinghouse Air Brake Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null