Lincoln Electric Reaches New 52-Week High (LECO)

NEW YORK ( TheStreet) -- Lincoln Electric Holdings (Nasdaq: LECO) hit a new 52-week high Friday as it is currently trading at $46.91, above its previous 52-week high of $45.93 with 24,678 shares traded as of 9:35 a.m. ET. Average volume has been 280,900 shares over the past 30 days.

Lincoln Electric has a market cap of $3.52 billion and is part of the industrial goods sector and industrial industry. Shares are up 16.2% year to date as of the close of trading on Thursday.

Lincoln Electric Holdings, Inc., through its subsidiaries, manufactures welding and cutting products worldwide. The company has a P/E ratio of 18.9, above the average industrial industry P/E ratio of 17.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lincoln Electric 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, 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 Lincoln Electric Ratings Report.

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