NEW YORK ( TheStreet) -- Hubbell Inc CL B (NYSE: HUB.B) hit a new 52-week high Wednesday as it traded at $70.01 compared with its previous 52-Week high of $70. Hubbell Inc CL B is changing hands at $69.95 with 298,207 shares traded as of 1:46 p.m. ET. Average volume has been 310,700 shares over the past 30 days.

Hubbell Inc CL B has a market cap of $3.7 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 14.8% year to date as of the close of trading on Tuesday.

Hubbell Incorporated engages in the design, manufacture, and sale of electrical and electronic products in the United States and internationally. The company operates in two segments, Electrical and Power. The company has a P/E ratio of 19.3, 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 Hubbell Inc CL B 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, solid stock price performance, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Hubbell Inc CL B Ratings Report.

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