Landstar System Stock Hits New 52-Week High (LSTR)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week high Wednesday as it is currently trading at $51.86, above its previous 52-week high of $51.80 with 106,194 shares traded as of 11:18 a.m. ET. Average volume has been 263,200 shares over the past 30 days.
Landstar System has a market cap of $2.34 billion and is part of the
sector and
industry. Shares are up 6.7% year to date as of the close of trading on Tuesday.
Landstar System, Inc. operates as a non-asset based provider of freight transportation services and supply chain solutions. It operates in two segments, Transportation Logistics and Insurance. The company has a P/E ratio of 23.3, above the average transportation industry P/E ratio of 22.8 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Landstar System as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
Landstar System Ratings Report
.
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