Mohawk Reaches New 52-Week High (MHK)

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) -- Mohawk Industries (NYSE: MHK) hit a new 52-week high Friday as it is currently trading at $113.74, above its previous 52-week high of $113.73 with 264,413 shares traded as of 11:26 a.m. ET. Average volume has been 775,800 shares over the past 30 days.

Mohawk has a market cap of $7.81 billion and is part of the industrial goods sector and industrial industry. Shares are up 25.5% year to date as of the close of trading on Thursday.

Mohawk Industries, Inc., together with its subsidiaries, produces floor covering products for residential and commercial applications in the United States and for residential applications in Europe. The company operates through three segments: Mohawk, Dal-Tile, and Unilin. The company has a P/E ratio of 31.2, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Mohawk as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Mohawk Ratings Report.

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