Mattel Stock Hits New 52-Week High (MAT)

NEW YORK ( TheStreet) -- Mattel (Nasdaq: MAT) hit a new 52-week high Wednesday as it is currently trading at $28.52, above its previous 52-week high of $28.49 with 3.5 million shares traded as of 3:35 p.m. ET. Average volume has been 4.6 million shares over the past 30 days.

Mattel has a market cap of $9.7 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 11.1% year to date as of the close of trading on Tuesday.

Mattel, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of various toy products worldwide. Its products comprise fashion dolls and accessories, vehicles and playsets, and games and puzzles. The company has a P/E ratio of 14.1, above the average consumer durables industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Mattel 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, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Mattel Ratings Report.

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