Molex Reaches New 52-Week High (MOLX)

NEW YORK ( TheStreet) -- Molex (Nasdaq: MOLX) hit a new 52-week high Wednesday as it is currently trading at $28.12, above its previous 52-week high of $28.10 with 33,231 shares traded as of 10:04 a.m. ET. Average volume has been 756,100 shares over the past 30 days.

Molex has a market cap of $2.62 billion and is part of the technology sector and electronics industry. Shares are up 14.8% year to date as of the close of trading on Tuesday.

Molex Incorporated, together with its subsidiaries, engages in the design, manufacture, and sale of electronic components worldwide. The company has a P/E ratio of 16.6, above the average electronics industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Molex as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Molex Ratings Report.

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