Ametek Stock Hits New 52-Week High (AME)

NEW YORK ( TheStreet) -- Ametek (NYSE: AME) hit a new 52-week high Friday as it is currently trading at $43.99, above its previous 52-week high of $43.98 with 500,204 shares traded as of 1:20 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Ametek has a market cap of $10.54 billion and is part of the technology sector and electronics industry. Shares are up 15.7% year to date as of the close of trading on Wednesday.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group.

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TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Ametek Ratings Report.

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