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 $71.18, above its previous 52-week high of $70.94 with 126,989 shares traded as of 11:05 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 28.5% 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 45.1, 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, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Chart Ratings Report.

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