NEW YORK ( TheStreet) -- Polaris Industries (NYSE: PII) hit a new 52-week high Friday as it is currently trading at $70.66, above its previous 52-week high of $70.31 with 1.3 million shares traded as of 3:35 p.m. ET. Average volume has been 795,200 shares over the past 30 days. Polaris has a market cap of $4.33 billion and is part of the consumer goods sector and automotive industry. Shares are up 20.2% year to date as of the close of trading on Thursday. Polaris Industries Inc., together with its subsidiaries, engages in designing, engineering, manufacturing, and marketing off-road vehicles, snowmobiles, and on-road vehicles primarily in the United States, Canada, and Europe. The company has a P/E ratio of 21, above the average automotive industry P/E ratio of 20.3 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Polaris 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, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Polaris Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.