Timken Stock Hits New 52-Week High (TKR)

NEW YORK ( TheStreet) -- Timken Company (NYSE: TKR) hit a new 52-week high Friday as it is currently trading at $59.60, above its previous 52-week high of $59.44 with 58,511 shares traded as of 9:56 a.m. ET. Average volume has been 714,300 shares over the past 30 days.

Timken has a market cap of $5.62 billion and is part of the industrial goods sector and industrial industry. Shares are up 21.5% year to date as of the close of trading on Wednesday.

The Timken Company engineers, manufactures, and markets mechanical components and high-performance steel products worldwide. It operates through four segments: Mobile Industries, Process Industries, Aerospace and Defense, and Steel.

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TheStreet Ratings rates Timken as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Timken Ratings Report.

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