NEW YORK ( TheStreet) -- Simpson Manufacturing (NYSE: SSD) hit a new 52-week high Wednesday as it is currently trading at $34.70, above its previous 52-week high of $34.61 with 39,429 shares traded as of 10:30 a.m. ET. Average volume has been 241,200 shares over the past 30 days.

Simpson has a market cap of $1.55 billion and is part of the industrial goods sector and industrial industry. Shares are up 11% year to date as of the close of trading on Tuesday.

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 38.3, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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, growth in earnings per share and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Simpson Ratings Report.

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