Kennametal Reaches New 52-Week High (KMT)

NEW YORK ( TheStreet) -- Kennametal (NYSE: KMT) hit a new 52-week high Thursday as it is currently trading at $47.58, above its previous 52-week high of $47.31 with 104,121 shares traded as of 10 a.m. ET. Average volume has been 837,800 shares over the past 30 days.

Kennametal has a market cap of $3.44 billion and is part of the industrial goods sector and industrial industry. Shares are up 28.1% year to date as of the close of trading on Wednesday.

Kennametal Inc. manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes worldwide. The company has a P/E ratio of 12.9, below the average industrial industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kennametal as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Kennametal Ratings Report.

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