NEW YORK ( TheStreet) -- Bucyrus International (Nasdaq: BUCY) hit a new 52-week high Tuesday as it is currently trading at $91.75, above its previous 52-week high of $91.74 with 74,538 shares traded as of 9:41 a.m. ET. Average volume has been 996,600 shares over the past 30 days.

Bucyrus International has a market cap of $7.5 billion and is part of the industrial goods sector and industrial industry. Shares are up 2.6% year to date as of the close of trading on Friday.

Bucyrus International, Inc. engages in the design and manufacture of mining equipment for the extraction of coal, copper, oil sands, iron ore, and other minerals in mining centers worldwide. The company has a P/E ratio of 22.3, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Bucyrus International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Bucyrus International Ratings Report.

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