Mohawk Reaches New 52-Week High (MHK)

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) -- Mohawk Industries (NYSE: MHK) hit a new 52-week high Friday as it is currently trading at $78, above its previous 52-week high of $77.76 with 2,735 shares traded as of 9:30 a.m. ET. Average volume has been 462,900 shares over the past 30 days.

Mohawk has a market cap of $5.14 billion and is part of the industrial goods sector and industrial industry. Shares are up 24.5% year to date as of the close of trading on Thursday.

Mohawk Industries, Inc., together with its subsidiaries, engages in the production and sale of floor covering products for residential and commercial markets for remodeling and new construction primarily in the United States and Europe. The company has a P/E ratio of 25.3, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Mohawk as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Mohawk Ratings Report.

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