Airgas Stock Hits New 52-Week High (ARG)

NEW YORK ( TheStreet) -- Airgas (NYSE: ARG) hit a new 52-week high Friday as it is currently trading at $91.25, above its previous 52-week high of $91.17 with 53,190 shares traded as of 10:54 a.m. ET. Average volume has been 463,000 shares over the past 30 days.

Airgas has a market cap of $6.9 billion and is part of the services sector and wholesale industry. Shares are up 16% year to date as of the close of trading on Thursday.

Airgas, Inc., through its subsidiaries, engages in the distribution of industrial, medical, and specialty gases in the United States. The company has a P/E ratio of 53.8, above the average wholesale industry P/E ratio of 25 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Airgas as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Airgas Ratings Report.

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