Astec Stock Hits New 52-Week High (ASTE)

NEW YORK ( TheStreet) -- Astec Industries (Nasdaq: ASTE) hit a new 52-week high Tuesday as it is currently trading at $40.47, above its previous 52-week high of $39.97 with 71,845 shares traded as of 9:54 a.m. ET. Average volume has been 105,500 shares over the past 30 days.

Astec has a market cap of $781.9 million and is part of the industrial goods sector and industrial industry. Shares are up 13.2% year to date as of the close of trading on Friday.

Astec Industries, Inc. engages in the design, engineering, manufacture, and marketing of equipment and components for road building, utility, and related construction activities worldwide. The company has a P/E ratio of 22.1, above the average industrial industry P/E ratio of 20.9 and above the S&P 500 P/E ratio of 17.7.

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

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