FMC Reaches New 52-Week High (FTI)

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) -- FMC Technologies (NYSE: FTI) hit a new 52-week high Wednesday as it is currently trading at $55.04, above its previous 52-week high of $54.81 with 583,054 shares traded as of 11:45 a.m. ET. Average volume has been two million shares over the past 30 days.

FMC has a market cap of $12.53 billion and is part of the basic materials sector and energy industry. Shares are up 24.8% year to date as of the close of trading on Tuesday.

FMC Technologies, Inc. provides technology solutions for the energy industry worldwide. The company has a P/E ratio of 29.7, above the S&P 500 P/E ratio of 17.7.

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

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