NEW YORK ( TheStreet) -- Lincoln Electric Holdings (Nasdaq: LECO) hit a new 52-week high Thursday as it is currently trading at $39.64, above its previous 52-week high of $39.62 with 23,376 shares traded as of 9:55 a.m. ET. Average volume has been 351,800 shares over the past 30 days.

Lincoln Electric has a market cap of $3.1 billion and is part of the industrial goods sector and industrial industry. Shares are up 21% year to date as of the close of trading on Wednesday.

Lincoln Electric Holdings, Inc., through its subsidiaries, manufactures welding and cutting products worldwide. The company has a P/E ratio of 15.6, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lincoln Electric as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Lincoln Electric Ratings Report.

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