Nucor Stock Hits New 52-Week High (NUE)

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) -- Nucor (NYSE: NUE) hit a new 52-week high Tuesday as it is currently trading at $46.02, above its previous 52-week high of $45.99 with 1.4 million shares traded as of 3:20 p.m. ET. Average volume has been 2.2 million shares over the past 30 days.

Nucor has a market cap of $14.43 billion and is part of the basic materials sector and metals & mining industry. Shares are up 5.3% year to date as of the close of trading on Monday.

Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The company has a P/E ratio of 28.8, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Nucor as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year 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 Nucor Ratings Report.

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