Huntington Stock Hits New 52-Week High (HBAN)

NEW YORK ( TheStreet) -- Huntington (Nasdaq: HBAN) hit a new 52-week high Monday as it is currently trading at $8, above its previous 52-week high of $7.96 with 2.2 million shares traded as of 10:05 a.m. ET. Average volume has been 9.6 million shares over the past 30 days.

Huntington has a market cap of $6.61 billion and is part of the financial sector and banking industry. Shares are up 23.3% year to date as of the close of trading on Friday.

Huntington Bancshares Incorporated operates as the holding company for The Huntington National Bank that provides commercial, small business, and consumer banking services. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Huntington as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Huntington Ratings Report.

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