Raven Stock Hits New 52-Week High (RAVN)

NEW YORK ( TheStreet) -- Raven Industries (Nasdaq: RAVN) hit a new 52-week high Tuesday as it traded at $56.89 compared with its previous 52-Week high of $56.55. Raven is changing hands at $56.89 with 1,580 shares traded as of 9:31 a.m. ET. Average volume has been 54,400 shares over the past 30 days.

Raven has a market cap of $978.3 million and is part of the technology sector and electronics industry. Shares are up 18.6% year to date as of the close of trading on Monday.

Raven Industries, Inc., together with its subsidiaries, manufactures various products for industrial, agricultural, construction, and military/aerospace markets in the United States and internationally. The company has a P/E ratio of 24.2, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 15.8.
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TheStreet Ratings rates Raven as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Raven Ratings Report.

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