The GUD Holdings Limited share price just stormed to an all-time high

Nothing can stop the GUD Holdings Limited (ASX: GUD) share price it seems.

During trade today the shares of the manufacturer of cleaning products and household appliances have climbed 3.5% to reach an all-time high of $13.74.

This latest gain brought its year-to-date return to a massive 31%.

The GUD Holdings share price started its ascent back on February 1 following the release of its half-year results and hasn’t looked back since.

Although underlying half-year EBIT from continuing operations increased just 1% on the same period last year to $39.1 million, investors appear to have been pleased with how optimistic managing director Jonathan Ling was on the second-half.

He reaffirmed full-year guidance of underlying EBIT of around $85 million. This would be a 25% increase on FY 2016’s EBIT.

Not everyone is bullish on its prospects though. One leading broker recently recommended selling GUD Holdings’ shares.

Top 3 ASX Blue Chips To Buy In 2017

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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