3. As of noon trading, Middleby Corporation ( MIDD) is up $8.02 (5.28) to $159.80 on heavy volume Thus far, 114,604 shares of Middleby Corporation exchanged hands as compared to its average daily volume of 89,100 shares. The stock has ranged in price between $152.06-$159.89 after having opened the day at $152.57 as compared to the previous trading day's close of $151.78. The Middleby Corporation designs, manufactures, markets, distributes, and services commercial foodservice and food processing equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Middleby Corporation has a market cap of $2.8 billion and is part of the industrial industry. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 14.4% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Middleby Corporation a buy, no analysts rate it a sell, and 5 rate it a hold. TheStreet Ratings rates Middleby Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Middleby Corporation Ratings Report now. 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.