Roper Stock Hits New 52-Week High (ROP)

NEW YORK ( TheStreet) -- Roper Industries (NYSE: ROP) hit a new 52-week high Wednesday as it is currently trading at $101.17, above its previous 52-week high of $101.06 with 464,851 shares traded as of 2:50 p.m. ET. Average volume has been 594,400 shares over the past 30 days.

Roper has a market cap of $9.58 billion and is part of the technology sector and electronics industry. Shares are up 13.7% year to date as of the close of trading on Tuesday.

Roper Industries, Inc. designs, manufactures, and distributes radio frequency (RF) products and services, industrial technology products, energy systems and controls, and medical and scientific imaging products and software. The company has a P/E ratio of 21.9, below the average electronics industry P/E ratio of 22.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Roper 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, solid stock price performance, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Roper Ratings Report.

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