Beacon Roofing Supply Stock Hits New 52-Week High (BECN)

NEW YORK ( TheStreet) -- Beacon Roofing Supply (Nasdaq: BECN) hit a new 52-week high Friday as it is currently trading at $27.36, above its previous 52-week high of $27.22 with 97,048 shares traded as of 11:10 a.m. ET. Average volume has been 376,900 shares over the past 30 days.

Beacon Roofing Supply has a market cap of $1.22 billion and is part of the services sector and wholesale industry. Shares are up 31.8% year to date as of the close of trading on Thursday.

Beacon Roofing Supply, Inc. distributes residential and non-residential roofing materials. The company has a P/E ratio of 17.8, below the average wholesale industry P/E ratio of 18 and equal to the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Beacon Roofing Supply 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Beacon Roofing Supply Ratings Report.

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