NEW YORK (

TheStreet

) --

Buckeye Technologies

(NYSE:

BKI

) hit a new 52-week high Thursday as it is currently trading at $29.63, above its previous 52-week high of $29.45 with 332,273 shares traded as of 12:45 p.m. ET. Average volume has been 480,000 shares over the past 30 days.

Buckeye has a market cap of $1.1 billion and is part of the

consumer goods

sector and

consumer non-durables

industry. Shares are up 35.1% year to date as of the close of trading on Wednesday.

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 9.4, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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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, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Buckeye Ratings Report

.

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