United Stock Hits New 52-Week High (UTX)

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) -- United Technologies (NYSE: UTX) hit a new 52-week high Wednesday as it is currently trading at $93.59, above its previous 52-week high of $93.58 with 1.4 million shares traded as of 1:59 p.m. ET. Average volume has been 3.7 million shares over the past 30 days.

United has a market cap of $85.19 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 13.5% year to date as of the close of trading on Tuesday.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 17.3, below 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 United as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full United 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

Why Honeywell, United Technologies Can Still Blast to New Highs

Why Honeywell, United Technologies Can Still Blast to New Highs

The 3 Hottest Stories on Wall Street Thursday

The 3 Hottest Stories on Wall Street Thursday

3 Dow Stocks to Buy on the Market's Bounce

3 Dow Stocks to Buy on the Market's Bounce

Jim Cramer: Round Up the Usual Suspects

Jim Cramer: Round Up the Usual Suspects

Video: This Strategist Wants You to Take Advantage of the Recent Market Pullback

Video: This Strategist Wants You to Take Advantage of the Recent Market Pullback