South Jersey Industries (NYSE:SJI) hit a new 52-week high Friday as it changed hands at $54.28 compared with its previous 52-week high of $54.24. South Jersey is currently trading at $54.28 with 65,183 shares changing hands as of 12:51 p.m..
NEW YORK ( TheStreet) -- South Jersey Industries (NYSE: SJI) hit a new 52-week high Friday as it traded at $54.28 compared with its previous 52-Week high of $54.24. South Jersey is changing hands at $54.28 with 65,183 shares traded as of 12:51 p.m. ET. Average volume has been 88,600 shares over the past 30 days. South Jersey has a market cap of $1.6 billion and is part of the utilities sector and utilities industry. Shares are up 1.7% year to date as of the close of trading on Thursday. South Jersey Industries, Inc., through its subsidiaries, engages in the purchase, transmission, and sale of natural gas for residential, commercial, and industrial customers. The company has a P/E ratio of 24.4, below the average utilities industry P/E ratio of 24.9 and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates South Jersey as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full South Jersey Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.