Chart Stock Hits New 52-Week High (GTLS)

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) -- Chart Industries (Nasdaq: GTLS) hit a new 52-week high Thursday as it is currently trading at $85.86, above its previous 52-week high of $85.30 with 367,724 shares traded as of 11:30 a.m. ET. Average volume has been 417,700 shares over the past 30 days.

Chart has a market cap of $2.57 billion and is part of the industrial goods sector and industrial industry. Shares are up 24.9% year to date as of the close of trading on Wednesday.

Chart Industries, Inc. manufactures and supplies engineered equipment used in the production, storage, and end-use of hydrocarbon and industrial gases in the United States, the Czech Republic, China, Germany, and internationally. The company has a P/E ratio of 35.3, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Chart as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Chart Ratings Report.

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