Forward Air Reaches New 52-Week High (FWRD)

NEW YORK (TheStreet) -- Forward Air Corporation (Nasdaq:FWRD) hit a new 52-week high Monday as it is currently trading at $36.36, above its previous 52-week high of $36.32 with 8,955 shares traded as of 9:58 a.m. ET. Average volume has been 150,800 shares over the past 30 days.

Forward Air has a market cap of $1.02 billion and is part of the services sector and transportation industry. Shares are up 11.7% year to date as of the close of trading on Friday.

Forward Air Corporation, together with its subsidiaries, provides surface transportation and related logistics services to the North American deferred air freight market. The company operates in two segments, Forward Air, Inc. (Forward Air) and Forward Air Solutions, Inc. (FASI). The company has a P/E ratio of 23.6, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

• Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

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

See all 52-week high stocks or get investment ideas from our investment research center.

For more information on Forward Air Corporation click any of the following:

• Forward Air Corporation Stock Price

• Forward Air Corporation Analyst Ratings

• Forward Air Corporation Key Stats & Profile

• Forward Air Corporation Earnings

• Forward Air Corporation Ratio Comparison

• Forward Air Corporation Growth Rates

• Forward Air Corporation Balance Sheet

• Forward Air Corporation Cash Flow

• Forward Air Corporation Income Statement