Magna International Reaches New 52-Week High (MGA)

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) -- Magna International (NYSE: MGA) hit a new 52-week high Friday as it is currently trading at $59.59, above its previous 52-week high of $59.55 with 447,341 shares traded as of 3:10 p.m. ET. Average volume has been 689,900 shares over the past 30 days.

Magna International has a market cap of $13.52 billion and is part of the services sector and wholesale industry. Shares are up 17.3% year to date as of the close of trading on Thursday.

Magna International Inc. designs, develops, manufactures, and engineers automotive systems and components to original equipment manufacturers primarily in North America, Europe, and internationally. The company has a P/E ratio of 9.8, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Magna International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Magna International Ratings Report.

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