Waters Reaches New 52-Week High (WAT)

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) -- Waters Corporation (NYSE: WAT) hit a new 52-week high Tuesday as it is currently trading at $99.40, above its previous 52-week high of $99.19 with 110,590 shares traded as of 10:35 a.m. ET. Average volume has been 456,600 shares over the past 30 days.

Waters has a market cap of $8.38 billion and is part of the technology sector and electronics industry. Shares are up 12.2% year to date as of the close of trading on Friday.

Waters Corporation operates as an analytical instrument manufacturer in the United States and internationally. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Waters as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Waters Ratings Report.

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