United Stock Hits New 52-Week High (UTX)

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) -- United Technologies (NYSE: UTX) hit a new 52-week high Friday as it is currently trading at $96.82, above its previous 52-week high of $95.97 with 944,065 shares traded as of 10:06 a.m. ET. Average volume has been 3.3 million shares over the past 30 days.

United has a market cap of $88.08 billion and is part of the industrial goods sector and industrial industry. Shares are up 16% year to date as of the close of trading on Thursday.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 17.6, equal to the S&P 500 P/E ratio of 17.7.

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

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