NEW YORK (

TheStreet

) --

Forward Air Corporation

(Nasdaq:

FWRD

) hit a new 52-week high Thursday as it is currently trading at $33, above its previous 52-week high of $32.90 with 154,771 shares traded as of 10:56 a.m. ET. Average volume has been 120,300 shares over the past 30 days.

Forward Air has a market cap of $921.7 million and is part of the

services

sector and

transportation

industry. Shares are up 10.6% year to date as of the close of trading on Wednesday.

Forward Air Corporation 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 28.5, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 16.4.

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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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Forward Air Ratings Report

.

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