Harman International Reaches New 52-Week High (HAR)

NEW YORK ( TheStreet) -- Harman International Industries (NYSE: HAR) hit a new 52-week high Thursday as it is currently trading at $55.95, above its previous 52-week high of $55.91 with 254,950 shares traded as of 11:20 a.m. ET. Average volume has been 672,000 shares over the past 30 days.

Harman International has a market cap of $3.7 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 22.2% year to date as of the close of trading on Wednesday.

Harman International Industries, Incorporated designs, develops, manufactures, and markets audio products and electronic systems worldwide. Its Infotainment segment offers infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers.

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TheStreet Ratings rates Harman International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable 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 Harman International Ratings Report.

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