Beam Reaches New 52-Week High (BEAM)

NEW YORK ( TheStreet) -- Beam Inc (NYSE: BEAM) hit a new 52-week high Monday as it is currently trading at $49.61, above its previous 52-week high of $49.48 with 64,185 shares traded as of 9:46 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Beam has a market cap of $7.5 billion and is part of the consumer goods sector and food & beverage industry.

Beam Inc. engages in producing and selling premium spirits worldwide.
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TheStreet Ratings rates Beam as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full Beam Ratings Report.

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