NEW YORK ( TheStreet) -- Cubic Corporation (NYSE: CUB) hit a new 52-week high Tuesday as it traded at $52.90 compared with its previous 52-Week high of $52.25. Cubic is changing hands at $52.83 with 24,064 shares traded as of 12:05 p.m. ET. Average volume has been 82,100 shares over the past 30 days.

Cubic has a market cap of $1.4 billion and is part of the technology sector and electronics industry. Shares are up 7.8% year to date as of the close of trading on Monday.

Cubic Corporation designs, develops, manufactures, and installs defense electronics and transportation fare collection systems. Its Mission Support Services segment provides live, virtual, and constructive training services for the U.S. The company has a P/E ratio of 18.1, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.5.

TheStreet Ratings rates Cubic as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Cubic Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.