Raytheon Technologies Corporation (NYSE:RTX) traded at a new 52-week high today of $92.76. This new high was reached on below average trading volume as 1.4 million shares traded hands, while the average 30-day volume is approximately 5.4 million shares.
Raytheon Technologies is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to the commercial aerospace manufactures and to the defense market as a prime and subprime contractor. The company operates in four segments: Pratt & Whitney, an engine manufacturer, Collins Aerospace, which is a diversified aerospace supplier, and intelligence, space and airborne systems, a mix between a sensors business and a government IT contractor, and integrated defense and missile systems, a defense prime contractor focusing on missiles and missile defense hardware.
In the past 52 weeks, shares of Raytheon Technologies Corporation have traded between a low of $67.55 and a high of $92.76 and is now at $92.75, which is 37% above that low price.
Raytheon Technologies Corporation (NYSE:RTX) defies analysts with a current price ($92.75) 2.2% above its average consensus price target of $90.72.
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