Ametek (NYSE:AME) hit a new 52-week high Thursday as it is currently trading at $36.68, above its previous 52-week high of $36.56 with 345,845 shares traded as of 10:41 a.m. ET. Average volume has been 1.2 million 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) -- Ametek (NYSE: AME) hit a new 52-week high Thursday as it is currently trading at $36.68, above its previous 52-week high of $36.56 with 345,845 shares traded as of 10:41 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. Ametek has a market cap of $8.69 billion and is part of the industrial goods sector and industrial industry. Shares are up 26.7% year to date as of the close of trading on Wednesday. AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group. The company has a P/E ratio of 19.8, below the average industrial industry P/E ratio of 21.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Ametek 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.