Loral Space Stock Hits New 52-Week High (LORL)

NEW YORK ( TheStreet) -- Loral Space & Communications (Nasdaq: LORL) hit a new 52-week high Thursday as it is currently trading at $81.63, above its previous 52-week high of $80.56 with 8,227 shares traded as of 9:34 a.m. ET. Average volume has been 49,300 shares over the past 30 days.

Loral Space has a market cap of $1.44 billion and is part of the technology sector and telecommunications industry. Shares are up 22.3% year to date as of the close of trading on Wednesday.

Loral Space & Communications Inc. operates as a satellite communications company. The company has a P/E ratio of 20.3, above the average telecommunications industry P/E ratio of five and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Loral Space as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Loral Space Ratings Report.

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