FMC Stock Hits New 52-Week High (FTI)

NEW YORK ( TheStreet) -- FMC Technologies (NYSE: FTI) hit a new 52-week high Thursday as it traded at $96.76 compared with its previous 52-Week high of $96.75. FMC is changing hands at $96.76 with 324,382 shares traded as of 11:47 a.m. ET. Average volume has been 970,100 shares over the past 30 days.

FMC has a market cap of $11 billion and is part of the basic materials sector and energy industry. Shares are up 5.9% year to date as of the close of trading on Wednesday.

FMC Technologies, Inc. provides technology solutions for the energy industry and other industrial markets. The company has a P/E ratio of 30, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates FMC as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures 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 FMC Ratings Report.

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