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) -- Steel Dynamics (Nasdaq: STLD) hit a new 52-week high Tuesday as it is currently trading at $16.20, above its previous 52-week high of $16.16 with 2.3 million shares traded as of 1:10 p.m. ET. Average volume has been 2.7 million shares over the past 30 days. Steel Dynamics has a market cap of $3.37 billion and is part of the basic materials sector and metals & mining industry. Shares are up 11.5% year to date as of the close of trading on Monday. Steel Dynamics, Inc., together with its subsidiaries, produces and sells steel products in the United States and internationally. The company operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations. The company has a P/E ratio of 20.7, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Steel Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Steel Dynamics 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.