NEW YORK ( TheStreet) -- Astec Industries (Nasdaq: ASTE) hit a new 52-week high Thursday as it traded at $37.24 compared with its previous 52-Week high of $36.94. Astec is changing hands at $37.18 with 15,533 shares traded as of 10:06 a.m. ET. Average volume has been 120,800 shares over the past 30 days.

Astec has a market cap of $814.9 million and is part of the industrial goods sector and industrial industry. Shares are up 12.8% year to date as of the close of trading on Wednesday.

Astec Industries, Inc. engages in the design, engineering, manufacture, and marketing of equipment and components used in road building, utility, and related construction activities worldwide. The company has a P/E ratio of 25.3, 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 Astec as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Astec Ratings Report.

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