General Dynamics Reaches New 52-Week High (GD)

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 Dynamics (NYSE: GD) hit a new 52-week high Friday as it is currently trading at $79.10, above its previous 52-week high of $78.76 with 228,614 shares traded as of 10 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

General Dynamics has a market cap of $27.08 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 12.4% year to date as of the close of trading on Thursday.

General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide.

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TheStreet Ratings rates General Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full General Dynamics Ratings Report.

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