TE Connectivity (NYSE:TEL) hit a new 52-week high Thursday as it is currently trading at $42.69, above its previous 52-week high of $42.60 with 116,509 shares traded as of 9:55 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.
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) -- TE Connectivity (NYSE: TEL) hit a new 52-week high Thursday as it is currently trading at $42.69, above its previous 52-week high of $42.60 with 116,509 shares traded as of 9:55 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. TE Connectivity has a market cap of $17.02 billion and is part of the technology sector and electronics industry. Shares are up 13.6% year to date as of the close of trading on Wednesday. TE Connectivity Ltd., together with its subsidiaries, designs and manufactures products that connect and protect the flow of power and data inside the products used by consumers and industries. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates TE Connectivity as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, increase in stock price during the past year, expanding profit margins, good cash flow from operations and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full TE Connectivity Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.