Tennant Stock Hits New 52-Week High (TNC)

NEW YORK ( TheStreet) -- Tennant Company (NYSE: TNC) hit a new 52-week high Monday as it is currently trading at $44.90, above its previous 52-week high of $44.88 with 45,985 shares traded as of 11:20 a.m. ET. Average volume has been 90,400 shares over the past 30 days.

Tennant has a market cap of $713.8 million and is part of the industrial goods sector and industrial industry. Shares are up 13.2% year to date as of the close of trading on Friday.

Tennant Company engages in the design, manufacture, and marketing cleaning solutions worldwide. The company has a P/E ratio of 25.4, above the average industrial industry P/E ratio of 19.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tennant as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Tennant Ratings Report.

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