Trimble Navigation Reaches New 52-Week High (TRMB)

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) -- Trimble Navigation (Nasdaq: TRMB) hit a new 52-week high Thursday as it is currently trading at $63.43, above its previous 52-week high of $63.32 with 44,601 shares traded as of 9:51 a.m. ET. Average volume has been 691,100 shares over the past 30 days.

Trimble Navigation has a market cap of $7.93 billion and is part of the technology sector and electronics industry. Shares are up 4% year to date as of the close of trading on Wednesday.

Trimble Navigation Limited provides positioning, wireless, and software technology solutions. The company has a P/E ratio of 42.7, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. 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 Trimble Navigation Ratings Report.

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