Dycom Reaches New 52-Week High (DY)

NEW YORK ( TheStreet) -- Dycom Industries (NYSE: DY) hit a new 52-week high Wednesday as it is currently trading at $21.87, above its previous 52-week high of $21.85 with 115,857 shares traded as of 3:23 p.m. ET. Average volume has been 434,100 shares over the past 30 days.

Dycom has a market cap of $706.3 million and is part of the industrial goods sector and materials & construction industry. Shares are up 3.8% year to date as of the close of trading on Tuesday.

Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. The company has a P/E ratio of 32.5, below the average materials & construction industry P/E ratio of 32.8 and above the S&P 500 P/E ratio of 17.7.

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

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