NEW YORK ( TheStreet) -- Kadant (NYSE: KAI) hit a new 52-week high Tuesday as it is currently trading at $33.22, above its previous 52-week high of $32.99 with 169,900 shares traded as of 2:56 p.m. ET. Average volume has been 94,400 shares over the past 30 days.

Kadant has a market cap of $395.8 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 35.2% year to date as of the close of trading on Monday.

Kadant Inc. develops, manufactures, and markets equipment and products for the papermaking and paper recycling industries. The company has a P/E ratio of 19.3, below the average consumer non-durables industry P/E ratio of 19.4 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Kadant as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Kadant Ratings Report.

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