Actuant Corporation (NYSE:ATU) hit a new 52-week high Friday as it changed hands at $30.11 compared with its previous 52-week high of $30. Actuant is currently trading at $30.09 with 105,650 shares changing hands as of 11 a.m..
NEW YORK ( TheStreet) -- Actuant Corporation (NYSE: ATU) hit a new 52-week high Friday as it traded at $30.11 compared with its previous 52-Week high of $30. Actuant is changing hands at $30.09 with 105,650 shares traded as of 11 a.m. ET. Average volume has been 839,200 shares over the past 30 days. Actuant has a market cap of $2 billion and is part of the industrial goods sector and industrial industry. Shares are up 11.6% year to date as of the close of trading on Thursday. Actuant Corporation manufactures industrial products and systems worldwide. Its Industrial segment involves in the design, manufacture, and distribution of hydraulic and mechanical tools to the maintenance, industrial, infrastructure, and production automation markets. The company has a P/E ratio of 25.7, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Actuant as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and revenue growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Actuant Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.