NEW YORK ( TheStreet) -- Skywest Incorporated (Nasdaq: SKYW) hit a new 52-week high Tuesday as it traded at $16.87 compared with its previous 52-Week high of $16.84. Skywest is changing hands at $16.71 with 28,477 shares traded as of 9:31 a.m. ET. Average volume has been 212,200 shares over the past 30 days.

Skywest has a market cap of $865.8 million and is part of the services sector and transportation industry. Shares are up 5.6% year to date as of the close of trading on Monday.

SkyWest, Inc., through its subsidiaries, operates as a regional airline in the United States. The company has a P/E ratio of 9.2, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 21.8.

TheStreet Ratings rates Skywest as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Skywest Ratings Report.

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