NEW YORK ( TheStreet) -- Esterline Technologies (NYSE: ESL) hit a new 52-week high Tuesday as it is currently trading at $73.90, above its previous 52-week high of $73.49 with 4,709 shares traded as of 9:39 a.m. ET. Average volume has been 138,800 shares over the past 30 days.

Esterline has a market cap of $2.2 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 6.3% year to date as of the previous trading day's close.

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems for the aerospace and defense, industrial/commercial, and medical markets primarily in the United States and Europe. The company has a P/E ratio of 15, above the average aerospace/defense industry P/E ratio of 14 and below the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Esterline 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, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Esterline Ratings Report.

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