Lear Corporation (NYSE:LEA) hit a new 52-week high Tuesday as it is currently trading at $58.95, above its previous 52-week high of $58.88 with 270,235 shares traded as of 10:40 a.m. ET. Average volume has been one 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) -- Lear Corporation (NYSE: LEA) hit a new 52-week high Tuesday as it is currently trading at $58.95, above its previous 52-week high of $58.88 with 270,235 shares traded as of 10:40 a.m. ET. Average volume has been one million shares over the past 30 days. Lear has a market cap of $5.32 billion and is part of the consumer goods sector and automotive industry. Shares are up 24.3% year to date as of the close of trading on Monday. Lear Corporation designs, manufactures, assembles, and supplies automotive seat systems, electrical distribution systems, and related components primarily to automotive original equipment manufacturers. It operates in two segments, Seating and Electrical Power Management Systems (EPMS). The company has a P/E ratio of 4.5, below the S&P 500 P/E ratio of 17.7.
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.
TheStreet Ratings rates Lear as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Lear 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.