South Jersey Stock Hits New 52-Week High (SJI)

NEW YORK ( TheStreet) -- South Jersey Industries (NYSE: SJI) hit a new 52-week high Monday as it traded at $54.57 compared with its previous 52-Week high of $54.55. South Jersey is changing hands at $54.52 with 1,839 shares traded as of 9:31 a.m. ET. Average volume has been 89,400 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 3% year to date as of the close of trading on Friday.

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 24.3, below the average utilities industry P/E ratio of 24.7 and above the S&P 500 P/E ratio of 22.6.

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.

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