Chart Reaches New 52-Week High (GTLS)

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) -- Chart Industries (Nasdaq: GTLS) hit a new 52-week high Wednesday as it is currently trading at $82.48, above its previous 52-week high of $82.44 with 44,612 shares traded as of 10:27 a.m. ET. Average volume has been 369,400 shares over the past 30 days.

Chart has a market cap of $2.46 billion and is part of the industrial goods sector and industrial industry. Shares are up 22.5% year to date as of the close of trading on Tuesday.

Chart Industries, Inc. manufactures and supplies engineered equipment used in the production, storage, and end-use of hydrocarbon and industrial gases in the United States, the Czech Republic, China, and internationally. The company has a P/E ratio of 34.6, above the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Chart as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Chart 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.
null

If you liked this article you might like

Chart Industries: If You're Long, Get Longer

Chart Industries: If You're Long, Get Longer

Chart Industries Is Off the Charts

Chart Industries Is Off the Charts

Chart Industries Is Off the Charts

Chart Industries Is Off the Charts

Jim Cramer Likes WhiteWave, Alcoa; Says Stay Away From GoPro, Whole Foods

Jim Cramer Likes WhiteWave, Alcoa; Says Stay Away From GoPro, Whole Foods

Jim Cramer on DuPont and Dow; Buy Alcoa but Watch Out for Whole Foods

Jim Cramer on DuPont and Dow; Buy Alcoa but Watch Out for Whole Foods