Arctic Cat Stock Hits New 52-Week High (ACAT)

NEW YORK ( TheStreet) -- Arctic Cat (Nasdaq: ACAT) hit a new 52-week high Wednesday as it is currently trading at $44.90, above its previous 52-week high of $44.76 with 204,524 shares traded as of 1:50 p.m. ET. Average volume has been 233,600 shares over the past 30 days.

Arctic Cat has a market cap of $517.4 million and is part of the consumer goods sector and automotive industry. Shares are up 90.5% year to date as of the close of trading on Tuesday.

Arctic Cat Inc. designs, engineers, manufactures, and markets snowmobiles and all-terrain vehicles (ATVs) under the Arctic Cat brand name in the United States and internationally. It also offers related parts, garments, and accessories. The company has a P/E ratio of 29.7, above the average automotive industry P/E ratio of 28.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Arctic Cat 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, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Arctic Cat Ratings Report.

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