Legg Mason (NYSE:LM) hit a new 52-week high Wednesday as it is currently trading at $29.49, above its previous 52-week high of $29.49 with 108,385 shares traded as of 9:56 a.m. ET. Average volume has been 1.9 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) -- Legg Mason (NYSE: LM) hit a new 52-week high Wednesday as it is currently trading at $29.49, above its previous 52-week high of $29.49 with 108,385 shares traded as of 9:56 a.m. ET. Average volume has been 1.9 million shares over the past 30 days. Legg Mason has a market cap of $3.66 billion and is part of the financial sector and financial services industry. Shares are up 13.5% year to date as of the close of trading on Tuesday. Legg Mason, Inc. provides asset management and related financial services to institutional and individual clients, company-sponsored mutual funds, and other pooled investment vehicles worldwide.
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TheStreet Ratings rates Legg Mason as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Legg Mason 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.