Ruddick Stock Hits New 52-Week High (RDK)

NEW YORK (TheStreet) -- Ruddick Corporation (NYSE:RDK) hit a new 52-week high Wednesday as it is currently trading at $44.16, above its previous 52-week high of $44.12 with 74,371 shares traded as of 12:12 p.m. ET. Average volume has been 232,700 shares over the past 30 days.

Ruddick has a market cap of $2.1 billion and is part of the services sector and retail industry. Shares are up 18.4% year to date as of the close of trading on Tuesday.

Ruddick Corporation, through its subsidiaries, engages in the operation of a regional chain of supermarkets primarily in the southeastern and mid-Atlantic United States, and the District of Columbia. The company has a P/E ratio of 16.3, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ruddick as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Ruddick Ratings Report.

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