Clorox Reaches New 52-Week High (CLX)

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) -- Clorox Company (NYSE: CLX) hit a new 52-week high Wednesday as it is currently trading at $75.08, above its previous 52-week high of $74.97 with 36,229 shares traded as of 9:35 a.m. ET. Average volume has been 769,600 shares over the past 30 days.

Clorox has a market cap of $9.68 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 12.5% year to date as of the close of trading on Tuesday.

The Clorox Company manufactures and markets consumer and professional products worldwide. The company has a P/E ratio of 18.1, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Clorox as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in stock price during the past year, expanding profit margins 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 Clorox Ratings Report.

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