NEW YORK (

TheStreet

) --

Smart Balance

(Nasdaq:

SMBL

) hit a new 52-week high Friday as it is currently trading at $7.07, above its previous 52-week high of $7.00 with 146,958 shares traded as of 10 a.m. ET. Average volume has been 382,900 shares over the past 30 days.

Smart Balance has a market cap of $383.7 million and is part of the

consumer goods

sector and

food & beverage

industry. Shares are up 59.1% year to date as of the close of trading on Thursday.

Smart Balance, Inc., a consumer food products company, distributes various food products in the United States and internationally. The company has a P/E ratio of 59.2, below the average food & beverage industry P/E ratio of 72.3 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Smart Balance as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full

Smart Balance Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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