Colfax Reaches New 52-Week High (CFX)

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) -- Colfax Corporation (NYSE: CFX) hit a new 52-week high Friday as it is currently trading at $50.26, above its previous 52-week high of $50.21 with 284,857 shares traded as of 11:49 a.m. ET. Average volume has been 808,200 shares over the past 30 days.

Colfax has a market cap of $4.99 billion and is part of the industrial goods sector and industrial industry. Shares are up 22.8% year to date as of the close of trading on Thursday.

Colfax Corporation, a diversified industrial manufacturing and engineering company, provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers worldwide. The company has a P/E ratio of 79.3, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Colfax as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. You can view the full Colfax Ratings Report.

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