Reliance Steel And Aluminum Stock Hits New 52-Week High (RS)

Reliance Steel and Aluminum (NYSE:RS) hit a new 52-week high Tuesday as it traded at $59.97 compared with its previous 52-Week high of $59.95. Reliance Steel and Aluminum is changing hands at $59.97 with 259,680 shares traded as of 11:36 a.m. ET. Average volume has been 759,400 shares over the past 30 days.

Reliance Steel and Aluminum has a market cap of $4.4 billion and is part of the industrial goods sector and industrial industry. Shares are up 16.3% year to date as of the close of trading on Monday.

Reliance Steel & Aluminum Co. operates metals service centers. The company has a P/E ratio of 22.4, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 16.8.

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TheStreet Ratings rates Reliance Steel and Aluminum as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full Reliance Steel and Aluminum Ratings Report.