AZZ Reaches New 52-Week High (AZZ)

NEW YORK ( TheStreet) -- AZZ (NYSE: AZZ) hit a new 52-week high Wednesday as it is currently trading at $54.28, above its previous 52-week high of $54.21 with 12,851 shares traded as of 11:29 a.m. ET. Average volume has been 50,500 shares over the past 30 days.

AZZ has a market cap of $675.2 million and is part of the industrial goods sector and industrial industry. Shares are up 18.9% year to date as of the close of trading on Tuesday.

AZZ incorporated manufactures electrical equipment and components for power generation, transmission and distribution, and industrial markets primarily in the United States and Canada. It operates in two segments, Electrical and Industrial Products, and Galvanizing Services. The company has a P/E ratio of 16.7, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates AZZ as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full AZZ Ratings Report.

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