Huntington Reaches New 52-Week High (HBAN)

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) -- Huntington (Nasdaq: HBAN) hit a new 52-week high Thursday as it is currently trading at $7.27, above its previous 52-week high of $7.25 with one million shares traded as of 9:45 a.m. ET. Average volume has been 11 million shares over the past 30 days.

Huntington has a market cap of $6.05 billion and is part of the financial sector and banking industry. Shares are up 12.4% year to date as of the close of trading on Wednesday.

Huntington Bancshares Incorporated operates as the holding company for The Huntington National Bank that provides commercial, small business, and consumer banking services. The company has a P/E ratio of 10.1, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Huntington as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Huntington Ratings Report.

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