Flowserve Corporation (NYSE:FLS) hit a new 52-week high Wednesday as it is currently trading at $136.23, above its previous 52-week high of $135.57 with 199,322 shares traded as of 10:20 a.m. ET. Average volume has been 491,300 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) -- Flowserve Corporation (NYSE: FLS) hit a new 52-week high Wednesday as it is currently trading at $136.23, above its previous 52-week high of $135.57 with 199,322 shares traded as of 10:20 a.m. ET. Average volume has been 491,300 shares over the past 30 days. Flowserve has a market cap of $6.69 billion and is part of the industrial goods sector and industrial industry. Shares are up 31.8% year to date as of the close of trading on Tuesday. Flowserve Corporation engages in the design, manufacture, distribution, and service of industrial flow management equipment. The company operates in three segments: FSG Engineered Product, FSG Industrial Product, and Flow Control. The company has a P/E ratio of 16.7, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Flowserve 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, revenue growth, good cash flow from operations 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 Flowserve 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.