AZZ Reaches New 52-Week High (AZZ)

NEW YORK ( TheStreet) -- AZZ (NYSE: AZZ) hit a new 52-week high Monday as it is currently trading at $53.55, above its previous 52-week high of $53.52 with 32,468 shares traded as of 12:53 p.m. ET. Average volume has been 72,000 shares over the past 30 days.

AZZ has a market cap of $594.3 million and is part of the industrial goods sector and industrial industry. Shares are up 13.6% year to date as of the close of trading on Friday.

AZZ incorporated manufactures electrical equipment and components for power generation, transmission and distribution, and industrial markets primarily in the United States and Canada. It operates in two segments, Electrical and Industrial Products, and Galvanizing Services. The company has a P/E ratio of 17, above the average industrial industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates AZZ as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full AZZ Ratings Report.

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