Acuity Reaches New 52-Week High (AYI)

NEW YORK ( TheStreet) -- Acuity Brands (NYSE: AYI) hit a new 52-week high Friday as it is currently trading at $61.51, above its previous 52-week high of $61.50 with 135,939 shares traded as of 3:04 p.m. ET. Average volume has been 339,000 shares over the past 30 days.

Acuity has a market cap of $2.44 billion and is part of the technology sector and electronics industry. Shares are up 15.5% year to date as of the close of trading on Thursday.

Acuity Brands, Inc., through its subsidiaries, engages in the design, production, and distribution of lighting solutions and services in North America and internationally. The company has a P/E ratio of 23.1, above the average electronics industry P/E ratio of 22.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Acuity 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. 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 Acuity Ratings Report.

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