Lincoln Electric Reaches New 52-Week High (LECO)

NEW YORK ( TheStreet) -- Lincoln Electric Holdings (Nasdaq: LECO) hit a new 52-week high Wednesday as it is currently trading at $48.12, above its previous 52-week high of $47.87 with 60,289 shares traded as of 9:59 a.m. ET. Average volume has been 295,200 shares over the past 30 days.

Lincoln Electric has a market cap of $3.83 billion and is part of the industrial goods sector and industrial industry. Shares are up 20.7% year to date as of the close of trading on Tuesday.

Lincoln Electric Holdings, Inc., through its subsidiaries, engages in the design, manufacture, and sale of welding, cutting, and brazing products worldwide. The company has a P/E ratio of 17.8, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lincoln Electric as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Lincoln Electric Ratings Report.

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