NEW YORK (
) hit a new 52-week high Thursday as it is currently trading at $25.38, above its previous 52-week high of $25.37 with three million shares traded as of 3:53 p.m. ET. Average volume has been 6.1 million shares over the past 30 days.
Safeway has a market cap of $8.9 billion and is part of the
industry. Shares are up 12.4% year to date as of the close of trading on Wednesday.
Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. The company has a P/E ratio of 18.4, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Safeway as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and relatively poor performance when compared with the S&P 500 during the past year. You can view the full
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