Mohawk Industries (MHK) Hits New Lifetime High Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Mohawk Industries ( MHK) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Mohawk Industries as such a stock due to the following factors:

  • MHK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $129.0 million.
  • MHK has traded 2,185 shares today.
  • MHK is trading at a new lifetime high.

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More details on MHK:

Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for residential and commercial applications for remodeling and new constructions worldwide. It operates in three segments: Carpet, Ceramic, and Laminate and Wood. MHK has a PE ratio of 28. Currently there are 8 analysts that rate Mohawk Industries a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Mohawk Industries has been 672,200 shares per day over the past 30 days. Mohawk has a market cap of $13.4 billion and is part of the consumer goods sector and consumer durables industry. The stock has a beta of 1.08 and a short float of 2.9% with 1.98 days to cover. Shares are up 19.6% year-to-date as of the close of trading on Monday.

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