Westinghouse Air Brake Reaches New 52-Week High (WAB)

NEW YORK ( TheStreet) -- Westinghouse Air Brake Technologies (NYSE: WAB) hit a new 52-week high Friday as it is currently trading at $77.32, above its previous 52-week high of $77 with 103,919 shares traded as of 9:40 a.m. ET. Average volume has been 245,500 shares over the past 30 days.

Westinghouse Air Brake has a market cap of $3.41 billion and is part of the services sector and transportation industry. Shares are up 9.4% year to date as of the close of trading on Thursday.

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based products and services for the freight rail and passenger transit industries worldwide. The company has a P/E ratio of 21.5, below the average transportation industry P/E ratio of 22.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Westinghouse Air Brake 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Westinghouse Air Brake Ratings Report.

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