Tennant Reaches New 52-Week High (TNC)

NEW YORK ( TheStreet) -- Tennant Company (NYSE: TNC) hit a new 52-week high Thursday as it is currently trading at $43.93, above its previous 52-week high of $43.84 with 39,812 shares traded as of 10:47 a.m. ET. Average volume has been 76,800 shares over the past 30 days.

Tennant has a market cap of $769.2 million and is part of the industrial goods sector and industrial industry. Shares are up 3.1% year to date as of the close of trading on Wednesday.

Tennant Company engages in the design, manufacture, and marketing cleaning solutions worldwide. The company has a P/E ratio of 21.3, 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 Tennant 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, notable return on equity, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Tennant Ratings Report.

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