AZZ Reaches New 52-Week High (AZZ)

NEW YORK ( TheStreet) -- AZZ (NYSE: AZZ) hit a new 52-week high Friday as it is currently trading at $50.04, above its previous 52-week high of $47.92 with 43,462 shares traded as of 9:41 a.m. ET. Average volume has been 65,500 shares over the past 30 days.

AZZ has a market cap of $573.1 million and is part of the industrial goods sector and industrial industry. Shares are up 14.5% year to date as of the close of trading on Thursday.

AZZ Incorporated manufactures electrical equipment and components for power generation, transmission and distribution, and industrial markets primarily in the United States and Canada. It operates in two segments, Electrical and Industrial Products, and Galvanizing Services. The company has a P/E ratio of 16.5, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates AZZ as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full AZZ Ratings Report.

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