Harris Corporation (HRS) Rises 2.98% for January 18

Harris Corporation (HRS) Rises 2.98% for January 18

Among the biggest risers on the S&P 500 on Friday January 18 was Harris Corporation ($HRS), popping some 2.98% to a price of $142.78 a share with some 1.5 million shares trading hands.

Starting the day trading at $139.56, Harris Corporation reached an intraday high of $143.31 and hit intraday lows of $139.27. Shares gained $4.13 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 1.1 million of its 120.08 million share total float. Today’s action puts the stock’s 50-day SMA at $141.63 and 200-day SMA at $152.99 with a 52-week range of $123.24 to $175.50.

Harris Corporation is a provider of electronic systems with applications in defense, civil government, and commercial applications. The United States government and its contractors are the firm’s largest customers. Its products include communications systems, serving defense and public safety networks; space and intelligence systems, providing Earth observation, environmental and geospatial solutions; and critical networks, for use in air traffic management, energy and maritime communications, and ground network operations.

Harris Corporation has its corporate headquarters located in Melbourne, FL and employs 17,500 people. Its market cap has now risen to $17.14 billion after today’s trading, its P/E ratio is now 21.8, its P/S 3.49, P/B 5.28, and P/FCF 108.1.

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