AZZ (NYSE:AZZ) hit a new 52-week high Monday as it changed hands at $45.20 compared with its previous 52-week high of $45. AZZ is currently trading at $45.26 with 3,184 shares changing hands as of 9:35 a.m.
NEW YORK ( TheStreet) -- AZZ (NYSE: AZZ) hit a new 52-week high Monday as it traded at $45.20 compared with its previous 52-Week high of $45. AZZ is changing hands at $45.26 with 3,184 shares traded as of 9:35 a.m. ET. Average volume has been 59,800 shares over the past 30 days. AZZ has a market cap of $537.4 million and is part of the industrial goods sector and industrial industry. Shares are up 11.5% year to date as of the close of trading on Friday. AZZ Incorporated manufactures electrical equipment and components for power generation, transmission and distribution, and industrial markets primarily in the United States and Canada. It operates in two segments, Electrical and Industrial Products, and Galvanizing Services. The company has a P/E ratio of 16.1, above the average industrial industry P/E ratio of 16 and above the S&P 500 P/E ratio of 15.8.
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TheStreet Ratings rates AZZ 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, attractive valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full AZZ Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.