Harman International Reaches New 52-Week High (HAR)
Harman International Industries (NYSE:HAR) hit a new 52-week high Wednesday as it is currently trading at $50.66, above its previous 52-week high of $50.64 with 107,977 shares traded as of 1:35 p.m. ET. Average volume has been 635,500 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) -- Harman International Industries (NYSE: HAR) hit a new 52-week high Wednesday as it is currently trading at $50.66, above its previous 52-week high of $50.64 with 107,977 shares traded as of 1:35 p.m. ET. Average volume has been 635,500 shares over the past 30 days. Harman International has a market cap of $3.35 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 12.8% year to date as of the close of trading on Tuesday. Harman International Industries, Incorporated designs, develops, manufactures, and markets audio products and electronic systems worldwide. Its Infotainment segment offers infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Harman International as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Harman International 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.