Atlas Pipeline Partners (NYSE:APL) hit a new 52-week high Tuesday as it changed hands at $31.43 compared with its previous 52-week high of $31.40. Atlas Pipeline is currently trading at $31.34 with 510,036 shares changing hands as of 3:45 p.m.
NEW YORK ( TheStreet) -- Atlas Pipeline Partners (NYSE: APL) hit a new 52-week high Tuesday as it traded at $31.43 compared with its previous 52-Week high of $31.40. Atlas Pipeline is changing hands at $31.34 with 510,036 shares traded as of 3:45 p.m. ET. Average volume has been 473,800 shares over the past 30 days. Atlas Pipeline has a market cap of $1.6 billion and is part of the basic materials sector and energy industry. Shares are up 22.9% year to date as of the close of trading on Monday. Atlas Pipeline Partners, L.P., through its subsidiaries, engages in gathering and processing natural gas. TheStreet Ratings rates Atlas Pipeline as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and generally poor debt management. You can view the full Atlas Pipeline Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.