NEW YORK (

TheStreet

) --

Buckeye Technologies

(NYSE:

BKI

) hit a new 52-week high Wednesday as it is currently trading at $32.32, above its previous 52-week high of $32.18 with 189,740 shares traded as of 3:40 p.m. ET. Average volume has been 417,300 shares over the past 30 days.

Buckeye has a market cap of $1.2 billion and is part of the

consumer goods

sector and

consumer non-durables

industry. Shares are up 50.4% year to date as of the close of trading on Tuesday.

Buckeye Technologies Inc. engages in the manufacture and distribution of cellulose-based specialty products. It operates in two segments, Specialty Fibers and Nonwoven Materials. The company has a P/E ratio of 12.3, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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

TheStreet Ratings rates Buckeye as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Buckeye Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null