Raytheon Reaches New 52-Week High (RTN)

NEW YORK ( TheStreet) -- Raytheon Company (NYSE: RTN) hit a new 52-week high Thursday as it is currently trading at $68.98, above its previous 52-week high of $68.62 with 122,621 shares traded as of 10:05 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Raytheon has a market cap of $21.89 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 18.5% year to date as of the close of trading on Wednesday.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally.

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TheStreet Ratings rates Raytheon as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Raytheon Ratings Report.

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