Standard Stock Hits New 52-Week High (SMP)

NEW YORK ( TheStreet) -- Standard Motor Products (NYSE: SMP) hit a new 52-week high Friday as it is currently trading at $22.35, above its previous 52-week high of $22.34 with 75,152 shares traded as of 11:59 a.m. ET. Average volume has been 198,800 shares over the past 30 days.

Standard has a market cap of $486 million and is part of the consumer goods sector and automotive industry. Shares are up 7.7% year to date as of the close of trading on Thursday.

Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. It operates through two segments: Engine Management and Temperature Control. The company has a P/E ratio of 12.9, below the average automotive industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Standard as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Standard Ratings Report.

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