Barnes Group Stock Hits New 52-Week High (B)

NEW YORK ( TheStreet) -- Barnes Group (NYSE: B) hit a new 52-week high Tuesday as it is currently trading at $27.05, above its previous 52-week high of $27 with 113,023 shares traded as of 11:39 a.m. ET. Average volume has been 346,600 shares over the past 30 days.

Barnes Group has a market cap of $1.34 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 Monday.

Barnes Group Inc. The company has a P/E ratio of 19.9, above the average industrial industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Barnes Group as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, good cash flow from operations and solid stock price performance. 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 Barnes Group Ratings Report.

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