Harris Stock Hits New 52-Week High (HRS)

NEW YORK ( TheStreet) -- Harris Corporation (NYSE: HRS) hit a new 52-week high Thursday as it is currently trading at $52.25, above its previous 52-week high of $52.23 with 62,774 shares traded as of 10:05 a.m. ET. Average volume has been 764,400 shares over the past 30 days.

Harris has a market cap of $5.68 billion and is part of the technology sector and telecommunications industry. Shares are up 5.9% year to date as of the close of trading on Wednesday.

Harris Corporation, together with its subsidiaries, operates as an international communications and information technology company that serves government and commercial markets worldwide.

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TheStreet Ratings rates Harris as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Harris Ratings Report.

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