NEW YORK ( TheStreet) -- Polaris Industries (NYSE: PII) hit a new 52-week high Thursday as it is currently trading at $70.04, above its previous 52-week high of $69.96 with 633,519 shares traded as of 12:30 p.m. ET. Average volume has been 795,200 shares over the past 30 days. Polaris has a market cap of $4.33 billion and is part of the consumer goods sector and automotive industry. Shares are up 18% year to date as of the close of trading on Wednesday. Polaris Industries Inc. designs, engineers, and manufactures off-road vehicles. It offers all terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; and on-road vehicles, including motorcycles and low emission vehicles. The company has a P/E ratio of 20.7, above the average automotive industry P/E ratio of 20.3 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Polaris as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, notable return on equity, solid stock price performance 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 Polaris Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.