NEW YORK ( TheStreet) -- Esterline Technologies (NYSE: ESL) hit a new 52-week high Friday as it is currently trading at $78.13, above its previous 52-week high of $78 with 46,448 shares traded as of 12:29 p.m. ET. Average volume has been 149,200 shares over the past 30 days.

Esterline has a market cap of $2.3 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 11.4% year to date as of the close of trading on Thursday.

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for the aerospace and defense market, as well as for industrial/commercial and medical markets in the United States and Europe. The company has a P/E ratio of 14.1, above the average aerospace/defense industry P/E ratio of 13.2 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. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Esterline Ratings Report.

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