NEW YORK ( TheStreet) -- Dycom Industries Inc (NYSE: DY) hit a new 52-week high Monday as it is currently trading at $18.90, above its previous 52-week high of $18.85 with 143,947 shares traded as of 1:25 p.m. ET. Average volume has been 472,600 shares over the past 30 days.

Dycom has a market cap of $588.3 million and is part of the industrial goods sector and materials & construction industry. Shares are up 19.1% year to date as of the close of trading on Friday.

Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. The company has a P/E ratio of 39, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Dycom as a buy. 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, revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Dycom Ratings Report.

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