Ametek Rises On Unusually High Volume (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) is trading at unusually high volume Tuesday with 1.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 85 cents (+2.1%) at $40.60 as of 3:56 p.m. ET.

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Ametek has a market cap of $9.97 billion and is part of the industrial goods sector and industrial industry. Shares are up 9% year to date as of the close of trading on Monday.

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 21.8, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Ametek Ratings Report.

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