Acuity Stock Hits New 52-Week High (AYI)

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) -- Acuity Brands (NYSE: AYI) hit a new 52-week high Wednesday as it is currently trading at $78.07, above its previous 52-week high of $77.96 with 71,725 shares traded as of 10:40 a.m. ET. Average volume has been 417,500 shares over the past 30 days.

Acuity has a market cap of $3.31 billion and is part of the technology sector and electronics industry. Shares are up 14.2% year to date as of the close of trading on Tuesday.

Acuity Brands, Inc., through its subsidiaries, engages in the design, production, and distribution of lighting solutions and services in North America and internationally. The company has a P/E ratio of 28.2, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Acuity as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, 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 Acuity Ratings Report.

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