NEW YORK ( TheStreet) -- Franklin Electric (Nasdaq: FELE) hit a new 52-week high Wednesday as it is currently trading at $48.48, above its previous 52-week high of $48.23 with 19,465 shares traded as of 11:36 a.m. ET. Average volume has been 95,100 shares over the past 30 days.

Franklin Electric has a market cap of $1.1 billion and is part of the industrial goods sector and industrial industry. Shares are up 23.4% year to date as of the close of trading on Tuesday.

Franklin Electric Co., Inc., together with its subsidiaries, engages in the design, manufacture, and distribution of groundwater and fuel pumping systems. It operates in two segments, Water Systems and Fueling Systems. The company has a P/E ratio of 26.6, 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 Franklin Electric 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Franklin Electric Ratings Report.

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