NEW YORK ( TheStreet) -- Kirby Corp (NYSE: KEX) hit a new 52-week high Tuesday as it traded at $54.98 compared with its previous 52-Week high of $52.07. Kirby is changing hands at $54.51 with 110,842 shares traded as of 10:02 a.m. ET. Average volume has been 223,700 shares over the past 30 days.

Kirby has a market cap of $2.8 billion and is part of the services sector and transportation industry. Shares are up 18.2% year to date as of the close of trading on Friday.

Kirby Corporation, through its subsidiaries, provides marine transportation and diesel engine services to the marine and power generation markets in the United States. The company operates in two segments, Marine Transportation and Diesel Engine Services. The company has a P/E ratio of 24.2, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Kirby as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, growth in earnings per share, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Kirby Ratings Report.

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