NEW YORK (TheStreet) -- Esterline Technologies (NYSE:ESL) hit a new 52-week high Thursday as it is currently trading at $77.67, above its previous 52-week high of $75.96 with 45,184 shares traded as of 9:37 a.m. ET. Average volume has been 125,800 shares over the past 30 days.
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 15.7, above the average aerospace/defense industry P/E ratio of 14.5 and below the S&P 500 P/E ratio of 17.7.
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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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Esterline Ratings Report.