Manitowoc Reaches New 52-Week High (MTW)

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) -- Manitowoc (NYSE: MTW) hit a new 52-week high Friday as it is currently trading at $18.46, above its previous 52-week high of $18 with 706,355 shares traded as of 9:35 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Manitowoc has a market cap of $2.3 billion and is part of the industrial goods sector and industrial industry. Shares are up 10.7% year to date as of the close of trading on Thursday.

The Manitowoc Company, Inc. engages in the design, manufacture, and sale of cranes and related products, and foodservice equipment worldwide. It operates through two segments, Cranes and Related Products, and Foodservice Equipment. The company has a P/E ratio of 27.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Manitowoc as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Manitowoc Ratings Report.

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