Lexmark International Stock Hits New 52-Week High (LXK)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
NEW YORK (TheStreet) -- Lexmark International (LXK">LXK) hit a new 52-week high Tuesday as it is currently trading at $30.49, above its previous 52-week high of $30.39 with 828,055 shares traded as of 1:21 p.m. ET. Average volume has been 1.3 million shares over the past 30 days.
Lexmark International has a market cap of $1.77 billion and is part of the technology sector and computer hardware industry. Shares are up 25.1% year to date as of the close of trading on Monday.
Lexmark International, Inc. develops, manufactures, and supplies printing and imaging solutions for offices. It offers laser printers, inkjet printers, and multifunction devices, as well as cartridges and other supplies, services, and solutions. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Lexmark International as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Lexmark International Ratings Report.
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