NEW YORK ( TheStreet) -- Tesco Corporation (Nasdaq: TESO) hit a new 52-week high Thursday as it traded at $19.09 compared with its previous 52-Week high of $19. Tesco is changing hands at $19.04 with 379,743 shares traded as of 3:06 p.m. ET. Average volume has been 146,100 shares over the past 30 days.

Tesco has a market cap of $692.7 million and is part of the basic materials sector and energy industry. Shares are up 14.9% year to date as of the close of trading on Wednesday.

Tesco Corporation engages in the design, manufacture, and service delivery of technology based solutions for the upstream energy industry worldwide. It operates in three segments: Top Drive Drilling Systems, Tubular Services, and CASING DRILLING. The company has a P/E ratio of 101.1, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 15.9.

TheStreet Ratings rates Tesco as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Tesco Ratings Report.

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