NEW YORK ( TheStreet) -- Altra Holdings Incorporated (Nasdaq: AIMC) hit a new 52-week high Tuesday as it traded at $23.25 compared with its previous 52-Week high of $23.11. Altra is changing hands at $23.18 with 78,730 shares traded as of 10:30 a.m. ET. Average volume has been 196,700 shares over the past 30 days.

Altra has a market cap of $608.5 million and is part of the industrial goods sector and industrial industry. Shares are up 13.5% year to date as of the close of trading on Monday.

Altra Holdings, Inc., together with its subsidiary, Altra Industrial Motion, Inc., designs, produces, and markets a range of mechanical power transmission and motion control products primarily in North America, Europe, and Asia. The company has a P/E ratio of 24.6, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Altra as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and generally poor debt management. You can view the full Altra Ratings Report.

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