Hubbell Reaches New 52-Week High (HUB.B)

NEW YORK ( TheStreet) -- Hubbell (NYSE: HUB.B) hit a new 52-week high Thursday as it is currently trading at $75.97, above its previous 52-week high of $75.87 with 14,891 shares traded as of 10:22 a.m. ET. Average volume has been 168,200 shares over the past 30 days.

Hubbell has a market cap of $3.64 billion and is part of the technology sector and electronics industry. Shares are up 12% year to date as of the close of trading on Wednesday.

Hubbell Incorporated engages in the design, manufacture, and sale of electrical and electronic products in the United States and internationally. The company operates in two segments, Electrical and Power. The company has a P/E ratio of 18.5, above the average electronics industry P/E ratio of 17.2 and above the S&P 500 P/E ratio of 17.7.

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

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