NEW YORK ( TheStreet) -- Beacon Roofing Supply (Nasdaq: BECN) hit a new 52-week high Tuesday as it is currently trading at $25.11, above its previous 52-week high of $25 with 498,373 shares traded as of 2:49 p.m. ET. Average volume has been 433,300 shares over the past 30 days.

Beacon Roofing Supply has a market cap of $1.04 billion and is part of the services sector and wholesale industry. Shares are up 20.7% year to date as of the close of trading on Monday.

Beacon Roofing Supply, Inc. distributes residential and non-residential roofing materials. The company has a P/E ratio of 16.7, below the average wholesale industry P/E ratio of 17.8 and below the S&P 500 P/E ratio of 17.7.

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

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