NEW YORK ( TheStreet) -- Franklin Electric (Nasdaq: FELE) hit a new 52-week high Thursday as it is currently trading at $51.76, above its previous 52-week high of $51.18 with 39,608 shares traded as of 10:46 a.m. ET. Average volume has been 168,600 shares over the past 30 days.

Franklin Electric has a market cap of $1 billion and is part of the industrial goods sector and industrial industry. Shares are up 28% year to date as of the close of trading on Wednesday.

Franklin Electric Co., Inc., together with its subsidiaries, engages in the design, manufacture, and distribution of groundwater and fuel pumping systems. It operates in two segments, Water Systems and Fueling Systems. The company has a P/E ratio of 19.7, above the average industrial industry P/E ratio of 19.5 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Franklin Electric 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, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Franklin Electric Ratings Report.

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