Ametek Stock Hits New 52-Week High (AME)

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) -- Ametek (NYSE: AME) hit a new 52-week high Thursday as it is currently trading at $42.62, above its previous 52-week high of $42.61 with 144,377 shares traded as of 10:21 a.m. ET. Average volume has been 910,100 shares over the past 30 days.

Ametek has a market cap of $10.3 billion and is part of the industrial goods sector and industrial industry. Shares are up 13.3% year to date as of the close of trading on Wednesday.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group. The company has a P/E ratio of 22.5, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Ametek Ratings Report.

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