NEW YORK ( TheStreet) -- Ametek (NYSE: AME) hit a new 52-week high Thursday as it is currently trading at $47.22, above its previous 52-week high of $47 with 245,377 shares traded as of 10:10 a.m. ET. Average volume has been 622,300 shares over the past 30 days.

Ametek has a market cap of $7.42 billion and is part of the industrial goods sector and industrial industry. Shares are up 11.2% year to date as of the close of trading on Wednesday.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group. The company has a P/E ratio of 20.7, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, 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 Ametek Ratings Report.

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