NEW YORK ( TheStreet) -- KBR (NYSE: KBR) hit a new 52-week high Thursday as it traded at $35.30 compared with its previous 52-Week high of $35.25. KBR is changing hands at $35.27 with 491,436 shares traded as of 11:51 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

KBR has a market cap of $5 billion and is part of the services sector and diversified services industry. Shares are up 11.2% year to date as of the close of trading on Wednesday.

KBR, Inc. operates as an engineering, construction, and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, and industrial sectors worldwide. The company has a P/E ratio of 16.1, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates KBR as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full KBR Ratings Report.

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