Lear Corporation (NYSE:LEA) hit a new 52-week high Wednesday as it is currently trading at $50.58, above its previous 52-week high of $50.51 with 785,672 shares traded as of 2:15 p.m. ET. Average volume has been 861,400 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) -- Lear Corporation (NYSE: LEA) hit a new 52-week high Wednesday as it is currently trading at $50.58, above its previous 52-week high of $50.51 with 785,672 shares traded as of 2:15 p.m. ET. Average volume has been 861,400 shares over the past 30 days. Lear has a market cap of $4.78 billion and is part of the consumer goods sector and automotive industry. Shares are up 5.3% year to date as of the close of trading on Tuesday. Lear Corporation designs, manufactures, assembles, and supplies automotive seat systems, electrical distribution systems, and related components primarily to automotive original equipment manufacturers. It operates in two segments, Seating and Electrical Power Management Systems (EPMS). The company has a P/E ratio of nine, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Lear as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Lear Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.