NEW YORK ( TheStreet) -- Chicago Bridge & Iron Company (NYSE: CBI) hit a new 52-week high Wednesday as it traded at $37.58 compared with its previous 52-Week high of $37.50. Chicago Bridge is changing hands at $37.21 with 68,035 shares traded as of 9:31 a.m. ET. Average volume has been 906,800 shares over the past 30 days.

Chicago Bridge has a market cap of $3.6 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 12.8% year to date as of the close of trading on Tuesday.

Chicago Bridge & Iron Company N.V. (CB&I) provides engineering, procurement, and construction (EPC) solutions, as well as process technologies for the energy infrastructure projects. It primarily focuses on projects related to oil and gas companies. The company has a P/E ratio of 17.7, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 16.

TheStreet Ratings rates Chicago Bridge 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, compelling growth in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Chicago Bridge Ratings Report.

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