Manitowoc Reaches New 52-Week High (MTW)

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) -- Manitowoc (NYSE: MTW) hit a new 52-week high Monday as it is currently trading at $20.83, above its previous 52-week high of $20.82 with 765,688 shares traded as of 11:46 a.m. ET. Average volume has been 2.9 million shares over the past 30 days.

Manitowoc has a market cap of $2.72 billion and is part of the industrial goods sector and industrial industry. Shares are up 32.6% year to date as of the close of trading on Friday.

The Manitowoc Company, Inc. engages in the design, manufacture, and sale of cranes and related products, and foodservice equipment worldwide. It operates through two segments, Cranes and Related Products, and Foodservice Equipment. The company has a P/E ratio of 27, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Manitowoc 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, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Manitowoc Ratings Report.

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