Middleby Reaches New 52-Week High (MIDD)

NEW YORK ( TheStreet) -- Middleby Corporation (Nasdaq: MIDD) hit a new 52-week high Friday as it is currently trading at $104, above its previous 52-week high of $103.96 with 71,825 shares traded as of 1:43 p.m. ET. Average volume has been 105,600 shares over the past 30 days.

Middleby has a market cap of $1.88 billion and is part of the industrial goods sector and industrial industry. Shares are up 6.9% year to date as of the close of trading on Thursday.

The Middleby Corporation, through its subsidiaries, engages in the design, manufacture, marketing, distribution, and service of commercial foodservice and food processing equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. The company has a P/E ratio of 19.5, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Middleby as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and good cash flow from operations. 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 Middleby Ratings Report.

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