L-3 Stock Hits New 52-Week High (LLL)

NEW YORK ( TheStreet) -- L-3 Communications Holdings (NYSE: LLL) hit a new 52-week high Monday as it is currently trading at $88.09, above its previous 52-week high of $87.96 with 348,312 shares traded as of 2:31 p.m. ET. Average volume has been 524,000 shares over the past 30 days.

L-3 has a market cap of $7.7 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 13.7% year to date as of the close of trading on Friday.

L-3 Communications Holdings, Inc. provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally.

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TheStreet Ratings rates L-3 as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full L-3 Ratings Report.

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