Golar LNG (Nasdaq:GLNG) hit a new 52-week high Thursday as it changed hands at $19.48 compared with its previous 52-week high of $19.47. Golar LNG is currently trading at $19.45 with 174,138 shares changing hands as of 11:41 a.m..
NEW YORK ( TheStreet) -- Golar LNG (Nasdaq: GLNG) hit a new 52-week high Thursday as it traded at $19.48 compared with its previous 52-Week high of $19.47. Golar LNG is changing hands at $19.45 with 174,138 shares traded as of 11:41 a.m. ET. Average volume has been 261,600 shares over the past 30 days. Golar LNG has a market cap of $1.3 billion and is part of the services sector and transportation industry. Shares are up 26.6% year to date as of the close of trading on Wednesday. Golar LNG Limited, a mid-stream liquefied natural gas company (LNG), engages primarily in the transportation, regasification, and liquefaction of LNG. It acquires, owns, operates, and charters LNG carriers and floating storage regasification units (FSRUs). The company has a P/E ratio of 55.7, below the average transportation industry P/E ratio of 172.1 and above the S&P 500 P/E ratio of 21.5. TheStreet Ratings rates Golar LNG as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and weak operating cash flow. You can view the full Golar LNG Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.