Silgan Reaches New 52-Week High (SLGN)

NEW YORK ( TheStreet) -- Silgan Holdings (Nasdaq: SLGN) hit a new 52-week high Tuesday as it is currently trading at $45.05, above its previous 52-week high of $44.99 with 34,014 shares traded as of 10:09 a.m. ET. Average volume has been 163,200 shares over the past 30 days.

Silgan has a market cap of $3.11 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 15.4% year to date as of the close of trading on Monday.

Silgan Holdings Inc. and its subsidiaries engage in the manufacture and sale of rigid packaging for consumer goods products worldwide. The company has a P/E ratio of 15.6, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Silgan as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Silgan Ratings Report.

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