Hubbell Stock Hits New 52-Week High (HUB.B)

NEW YORK ( TheStreet) -- Hubbell (NYSE: HUB.B) hit a new 52-week high Friday as it is currently trading at $80.79, above its previous 52-week high of $80.71 with 79,121 shares traded as of 1:35 p.m. ET. Average volume has been 201,600 shares over the past 30 days.

Hubbell has a market cap of $4.11 billion and is part of the technology sector and electronics industry. Shares are up 17.9% year to date as of the close of trading on Thursday.

Hubbell Incorporated engages in the design, manufacture, and sale of electrical and electronic products in the United States and internationally. The company operates in two segments, Electrical and Power. The company has a P/E ratio of 17, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Hubbell 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, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Hubbell Ratings Report.

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