Neenah Reaches New 52-Week High (NP)

NEW YORK ( TheStreet) -- Neenah Paper (NYSE: NP) hit a new 52-week high Thursday as it is currently trading at $29.31, above its previous 52-week high of $29.13 with 12,964 shares traded as of 9:35 a.m. ET. Average volume has been 117,600 shares over the past 30 days.

Neenah has a market cap of $358.6 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 29.9% year to date as of the close of trading on Wednesday.

Neenah Paper, Inc., together with its subsidiaries, engages in the production and sale of technical products and fine papers worldwide. The company has a P/E ratio of 16.1, above the average consumer non-durables industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Neenah as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Neenah Ratings Report.

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