Cal-Maine Reaches New 52-Week High (CALM)

NEW YORK (TheStreet) -- Cal-Maine Foods (Nasdaq:CALM) hit a new 52-week high Friday as it is currently trading at $40.56, above its previous 52-week high of $40.32 with 90,638 shares traded as of 1:39 p.m. ET. Average volume has been 87,700 shares over the past 30 days.

Cal-Maine has a market cap of $794.4 million and is part of the consumer goods sector and food & beverage industry. Shares are up 9.8% year to date as of the close of trading on Thursday.

Cal-Maine Foods, Inc. engages in the production, grading, packaging, distribution, and marketing of shell eggs. The company has a P/E ratio of 14.2, above the average food & beverage industry P/E ratio of 13.2 and below the S&P 500 P/E ratio of 17.7.

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

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