Tesco Reaches New 52-Week High (TESO)

NEW YORK ( TheStreet) -- Tesco Corporation (Nasdaq: TESO) hit a new 52-week high Wednesday as it is currently trading at $22.55, above its previous 52-week high of $22.49 with 294,408 shares traded as of 2:16 p.m. ET. Average volume has been 266,400 shares over the past 30 days.

Tesco has a market cap of $811.1 million and is part of the basic materials sector and energy industry. Shares are up 37.5% year to date as of the close of trading on Tuesday.

Tesco Corporation engages in the design, manufacture, and service delivery of technology based solutions for the upstream energy industry worldwide. It operates in three segments: Top Drive, Tubular Services, and CASING DRILLING. The company has a P/E ratio of 85, above the average energy industry P/E ratio of 81.8 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Tesco as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full Tesco Ratings Report.

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