General Electric Stock Hits New 52-Week High (GE)

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) -- General Electric (NYSE: GE) hit a new 52-week high Monday as it is currently trading at $22.98, above its previous 52-week high of $22.96 with 19.3 million shares traded as of 11:46 a.m. ET. Average volume has been 43.3 million shares over the past 30 days.

General Electric has a market cap of $240 billion and is part of the industrial goods sector and industrial industry. Shares are up 26.9% year to date as of the close of trading on Friday.

General Electric Company operates as a technology and financial services company worldwide. The company has a P/E ratio of 19.8, above the average industrial industry P/E ratio of 19.1 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full General Electric Ratings Report.

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