United Reaches New 52-Week High (UTX)

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) -- United Technologies (NYSE: UTX) hit a new 52-week high Wednesday as it is currently trading at $87.87, above its previous 52-week high of $87.50 with 603,289 shares traded as of 10:01 a.m. ET. Average volume has been four million shares over the past 30 days.

United has a market cap of $79.69 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 6% year to date as of the close of trading on Tuesday.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates United as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, increase in stock price during the past year and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full United Ratings Report.

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