FMC Technologies (NYSE:FTI) hit a new 52-week high Tuesday as it is currently trading at $52.87, above its previous 52-week high of $52.84 with 1.6 million shares traded as of 1:55 p.m. ET. Average volume has been 1.8 million 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) -- FMC Technologies (NYSE: FTI) hit a new 52-week high Tuesday as it is currently trading at $52.87, above its previous 52-week high of $52.84 with 1.6 million shares traded as of 1:55 p.m. ET. Average volume has been 1.8 million shares over the past 30 days. FMC has a market cap of $12.31 billion and is part of the basic materials sector and energy industry. Shares are up 21% year to date as of the close of trading on Friday. FMC Technologies, Inc. provides technology solutions for the energy industry worldwide. It operates in three segments: Subsea Technologies, Surface Technologies, and Energy Infrastructure. The company has a P/E ratio of 29.1, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates FMC as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full FMC 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.