NEW YORK ( TheStreet) -- Quanex Building Products (NYSE: NX) hit a new 52-week high Wednesday as it traded at $21.20 compared with its previous 52-Week high of $21.19. Quanex Building is changing hands at $21.19 with 609,826 shares traded as of 3:42 p.m. ET. Average volume has been 260,000 shares over the past 30 days.

Quanex Building has a market cap of $780.8 million and is part of the industrial goods sector and materials & construction industry. Shares are up 8.3% year to date as of the close of trading on Tuesday.

Quanex Building Products Corporation provides engineered products and aluminum sheet products. Its Engineered Products segment produces window and door components for original equipment manufacturers that primarily serve the residential construction and remodeling markets. The company has a P/E ratio of 42, below the average materials & construction industry P/E ratio of 43.8 and above the S&P 500 P/E ratio of 16.8.
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TheStreet Ratings rates Quanex Building as a hold. 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 and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Quanex Building Ratings Report.

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