Precision Castparts Reaches New 52-Week High (PCP)

NEW YORK ( TheStreet) -- Precision Castparts (NYSE: PCP) hit a new 52-week high Friday as it is currently trading at $234.72, above its previous 52-week high of $231.23 with 226,461 shares traded as of 10:06 a.m. ET. Average volume has been 676,500 shares over the past 30 days.

Precision Castparts has a market cap of $33.05 billion and is part of the industrial goods sector and industrial industry. Shares are up 19.4% year to date as of the close of trading on Wednesday.

Precision Castparts Corp. manufactures metal components and products worldwide.

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TheStreet Ratings rates Precision Castparts as a buy. 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, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Precision Castparts Ratings Report.

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