NEW YORK ( TheStreet) -- Old Dominion Freight Lines (Nasdaq: ODFL) hit a new 52-week high Wednesday as it traded at $33.79 compared with its previous 52-Week high of $33.74. Old Dominion Freight Lines is changing hands at $33.71 with 131,708 shares traded as of 10:17 a.m. ET. Average volume has been 431,500 shares over the past 30 days. Old Dominion Freight Lines has a market cap of $1.8 billion and is part of the services sector and transportation industry. Shares are up 2.6% year to date as of the close of trading on Tuesday. Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier primarily in the United States. The company offers various LTL services and value-added logistics 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 16. TheStreet Ratings rates Old Dominion Freight Lines as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Old Dominion Freight Lines Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.