Roper Stock Hits New 52-Week High (ROP)

NEW YORK ( TheStreet) -- Roper Industries (NYSE: ROP) hit a new 52-week high Tuesday as it is currently trading at $92.96, above its previous 52-week high of $92.84 with 78,103 shares traded as of 9:40 a.m. ET. Average volume has been 528,300 shares over the past 30 days.

Roper has a market cap of $8.96 billion and is part of the technology sector and electronics industry. Shares are up 6.8% year to date as of the close of trading on Friday.

Roper Industries, Inc. designs, manufactures, and distributes medical and scientific imaging products and software, energy systems and controls, and industrial technology products and radio frequency (RF) products and services. The company has a P/E ratio of 22, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Roper 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, impressive record of earnings per share growth, compelling growth in net income 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 Roper Ratings Report.

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