Trimble Navigation Stock Hits New 52-Week High (TRMB)

NEW YORK ( TheStreet) -- Trimble Navigation (Nasdaq: TRMB) hit a new 52-week high Tuesday as it is currently trading at $55.63, above its previous 52-week high of $55.57 with 577,812 shares traded as of 3:10 p.m. ET. Average volume has been 613,100 shares over the past 30 days.

Trimble Navigation has a market cap of $6.57 billion and is part of the technology sector and electronics industry. Shares are up 22.5% year to date as of the close of trading on Monday.

Trimble Navigation Limited provides positioning, wireless, and software technology solutions. The company has a P/E ratio of 44, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Trimble Navigation 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, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Trimble Navigation Ratings Report.

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