NEW YORK ( TheStreet) -- Simpson Manufacturing (NYSE: SSD) hit a new 52-week high Thursday as it is currently trading at $31.94, above its previous 52-week high of $31.67 with 188,306 shares traded as of 12:35 p.m. ET. Average volume has been 257,300 shares over the past 30 days.

Simpson has a market cap of $1.4 billion and is part of the industrial goods sector and industrial industry. Shares are down 2.4% year to date as of the close of trading on Wednesday.

Simpson Manufacturing Co., Inc., through its subsidiaries, engages in the design, engineering, manufacture, and sale of building products. The company has a P/E ratio of 36.7, below the average industrial industry P/E ratio of 37.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Simpson 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, expanding profit margins, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Simpson Ratings Report.

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