Clarcor Stock Hits New 52-Week High (CLC)

NEW YORK ( TheStreet) -- Clarcor (NYSE: CLC) hit a new 52-week high Thursday as it is currently trading at $48.85, above its previous 52-week high of $48.77 with 86,454 shares traded as of 11:59 a.m. ET. Average volume has been 322,900 shares over the past 30 days.

Clarcor has a market cap of $2.3 billion and is part of the industrial goods sector and industrial industry. Shares are up 8.8% year to date as of the close of trading on Wednesday.

CLARCOR Inc. and its subsidiaries provide filtration products, filtration systems and services, and consumer and industrial packaging products worldwide. The company has a P/E ratio of 20.3, 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 Clarcor as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, 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 Clarcor Ratings Report.

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