Westinghouse Air Brake Reaches New 52-Week High (WAB)

NEW YORK ( TheStreet) -- Westinghouse Air Brake Technologies (NYSE: WAB) hit a new 52-week high Thursday as it is currently trading at $56.51, above its previous 52-week high of $56.50 with 191,494 shares traded as of 10:56 a.m. ET. Average volume has been 573,500 shares over the past 30 days.

Westinghouse Air Brake has a market cap of $5.34 billion and is part of the services sector and transportation industry. Shares are up 27.1% year to date as of the close of trading on Wednesday.

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based products and services for the freight rail and passenger transit industries worldwide. It operates in two segments, Freight and Transit.

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TheStreet Ratings rates Westinghouse Air Brake as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Westinghouse Air Brake Ratings Report.

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