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.

  • 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.

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.

See all heavy volume stocks in our stocks moving on unusual volume list 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

Hormel Foods, Ametek, Applied Materials: 'Mad Money' Lightning Round

Hormel Foods, Ametek, Applied Materials: 'Mad Money' Lightning Round

New Upgrades Keep Boosting Stocks: Cramer's 'Mad Money' Recap (Wed 1/3/18)

New Upgrades Keep Boosting Stocks: Cramer's 'Mad Money' Recap (Wed 1/3/18)

Cramer: These Sectors Look Bullish (Part II)

Cramer: These Sectors Look Bullish (Part II)

Cramer: There Are Powerful Themes in Several Bull Markets

Cramer: There Are Powerful Themes in Several Bull Markets

General Electric, Honeywell 'Safe Havens' As Economic Cycle Clock Resets, RBC Says

General Electric, Honeywell 'Safe Havens' As Economic Cycle Clock Resets, RBC Says