Steelcase Stock Hits New 52-Week High (SCS)

NEW YORK ( TheStreet) -- Steelcase (NYSE: SCS) hit a new 52-week high Wednesday as it traded at $11.24 compared with its previous 52-Week high of $11.23. Steelcase is changing hands at $11.25 with 291,332 shares traded as of 1:11 p.m. ET. Average volume has been 956,100 shares over the past 30 days.

Steelcase has a market cap of $934.8 million and is part of the consumer goods sector and consumer durables industry. Shares are up 4.5% year to date as of the close of trading on Tuesday.

Steelcase Inc., together with its subsidiaries, engages in the manufacture and sale of furniture systems and seating products, user-centered technologies, and interior architectural products primarily in North America, Europe, and Asia. The company has a P/E ratio of 71.9, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 16.1.
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TheStreet Ratings rates Steelcase as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Steelcase Ratings Report.

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