Huntington Reaches New 52-Week High (HBAN)

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) -- Huntington (Nasdaq: HBAN) hit a new 52-week high Thursday as it is currently trading at $7.04, above its previous 52-week high of $7.03 with 5.8 million shares traded as of 1:05 p.m. ET. Average volume has been 9.4 million shares over the past 30 days.

Huntington has a market cap of $5.85 billion and is part of the financial sector and banking industry. Shares are up 24% year to date as of the close of trading on Wednesday.

Huntington Bancshares Incorporated operates as the holding company for The Huntington National Bank that provides commercial, small business, and consumer banking services. The company has a P/E ratio of 11, above the average banking industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Huntington 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, expanding profit margins, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Huntington Ratings Report.

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