Chart Reaches New 52-Week High (GTLS)

NEW YORK ( TheStreet) -- Chart Industries (Nasdaq: GTLS) hit a new 52-week high Thursday as it is currently trading at $63.79, above its previous 52-week high of $63.74 with 127,343 shares traded as of 10:10 a.m. ET. Average volume has been 405,600 shares over the past 30 days.

Chart has a market cap of $1.64 billion and is part of the industrial goods sector and industrial industry. Shares are up 15.2% year to date as of the close of trading on Wednesday.

Chart Industries, Inc. manufactures and supplies engineered equipment used in the production, storage, and end-use of hydrocarbon and industrial gases in the United States, the Czech Republic, China, and internationally. The company has a P/E ratio of 40.6, above the average industrial industry P/E ratio of 36.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chart as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Chart Ratings Report.

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