NEW YORK ( TheStreet) -- Aircastle (NYSE: AYR) hit a new 52-week high Wednesday as it traded at $12.43 compared with its previous 52-Week high of $12.38. Aircastle is changing hands at $12.37 with 162,336 shares traded as of 10:30 a.m. ET. Average volume has been 412,000 shares over the past 30 days. Aircastle has a market cap of $953.7 million and is part of the services sector and diversified services industry. Shares are up 15% year to date as of the close of trading on Tuesday.

Aircastle Limited, through its subsidiaries, engages in the acquisition, lease, and sale of high-utility commercial jet aircraft to passenger and cargo airlines worldwide. The company has a P/E ratio of 13.9, above the average diversified services industry P/E ratio of 13.8 and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Aircastle as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally poor debt management. You can view the full Aircastle Ratings Report.

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