Actuant Stock Hits New 52-Week High (ATU)

NEW YORK ( TheStreet) -- Actuant (NYSE: ATU) hit a new 52-week high Wednesday as it is currently trading at $29.35, above its previous 52-week high of $29.29 with 171,403 shares traded as of 10:10 a.m. ET. Average volume has been 777,700 shares over the past 30 days.

Actuant has a market cap of $1.66 billion and is part of the industrial goods sector and industrial industry. Shares are up 27.7% year to date as of the close of trading on Tuesday.

Actuant Corporation designs, manufactures, and distributes industrial products and systems worldwide. The company has a P/E ratio of 15.4, above the average industrial industry P/E ratio of 13.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Actuant as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Actuant Ratings Report.

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