General Electric Stock Hits New 52-Week High (GE)

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) -- General Electric (NYSE: GE) hit a new 52-week high Wednesday as it is currently trading at $23.93, above its previous 52-week high of $23.90 with 6.4 million shares traded as of 10 a.m. ET. Average volume has been 38.4 million shares over the past 30 days.

General Electric has a market cap of $243.72 billion and is part of the industrial goods sector and industrial industry. Shares are up 12.7% year to date as of the close of trading on Tuesday.

General Electric Company operates as an infrastructure and financial services company worldwide. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full General Electric Ratings Report.

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