Ametek Reaches New 52-Week High (AME)

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) -- Ametek (NYSE: AME) hit a new 52-week high Friday as it is currently trading at $43.48, above its previous 52-week high of $43.46 with 441,763 shares traded as of 3:30 p.m. ET. Average volume has been 975,600 shares over the past 30 days.

Ametek has a market cap of $10.45 billion and is part of the technology sector and electronics industry. Shares are up 14.3% year to date as of the close of trading on Thursday.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group. The company has a P/E ratio of 22.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Ametek Ratings Report.

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