Harris Corporation (NYSE:HRS) hit a new 52-week high Thursday as it is currently trading at $48.88, above its previous 52-week high of $48.82 with 171,154 shares traded as of 11:35 a.m. ET. Average volume has been 729,300 shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Harris Corporation (NYSE: HRS) hit a new 52-week high Thursday as it is currently trading at $48.88, above its previous 52-week high of $48.82 with 171,154 shares traded as of 11:35 a.m. ET. Average volume has been 729,300 shares over the past 30 days. Harris has a market cap of $5.41 billion and is part of the technology sector and telecommunications industry. Shares are up 32.5% year to date as of the close of trading on Wednesday. Harris Corporation, together with its subsidiaries, operates as an international communications and information technology company that serves government and commercial markets worldwide. The company has a P/E ratio of 10, below the average telecommunications industry P/E ratio of 183.7 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Harris as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Harris Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.