Blackstone Group Stock Hits New 52-Week High (BX)

NEW YORK ( TheStreet) -- Blackstone Group (NYSE: BX) hit a new 52-week high Tuesday as it traded at $18.98 compared with its previous 52-Week high of $18.95. Blackstone Group is changing hands at $18.98 with 882,963 shares traded as of 10:31 a.m. ET. Average volume has been 4.6 million shares over the past 30 days.

Blackstone Group has a market cap of $8.2 billion and is part of the financial sector and financial services industry. Shares are up 32.7% year to date as of the close of trading on Monday.

The Blackstone Group, L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. The company operates in four segments: Private Equity, Real Estate, Credit and Marketable Alternatives, and Financial Advisory.
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TheStreet Ratings rates Blackstone Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full Blackstone Group Ratings Report.

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