Magna International Reaches New 52-Week High (MGA)

NEW YORK ( TheStreet) -- Magna International (NYSE: MGA) hit a new 52-week high Monday as it is currently trading at $72.41, above its previous 52-week high of $72.20 with 26,498 shares traded as of 9:35 a.m. ET. Average volume has been 723,300 shares over the past 30 days.

Magna International has a market cap of $16.75 billion and is part of the services sector and wholesale industry. Shares are up 44.1% year to date as of the close of trading on Friday.

Magna International Inc. designs, develops, manufactures, and engineers automotive systems and components to original equipment manufacturers primarily in North America, Europe, and internationally.

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TheStreet Ratings rates Magna International 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 attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Magna International Ratings Report.

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