Raytheon Company (NYSE:RTN) hit a new 52-week high Thursday as it is currently trading at $58.08, above its previous 52-week high of $58 with 720,680 shares traded as of 12:40 p.m. ET. Average volume has been 1.6 million 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) -- Raytheon Company (NYSE: RTN) hit a new 52-week high Thursday as it is currently trading at $58.08, above its previous 52-week high of $58 with 720,680 shares traded as of 12:40 p.m. ET. Average volume has been 1.6 million shares over the past 30 days. Raytheon has a market cap of $19.05 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 18.6% year to date as of the close of trading on Wednesday. Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. The company has a P/E ratio of 10, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Raytheon 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, increase in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Raytheon 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.