NEW YORK ( TheStreet) -- Jo-Ann Stores (NYSE: JAS) hit a new 52-week high Friday as it traded at $60.97 compared with its previous 52-Week high of $60.96. Jo-Ann Stores is changing hands at $60.97 with 272,564 shares traded as of 10:31 a.m. ET. Average volume has been 662,600 shares over the past 30 days. Jo-Ann Stores has a market cap of $1.6 billion and is part of the services sector and specialty retail industry. Jo-Ann Stores, Inc. operates as a specialty retailer of fabrics and crafts in the United States. TheStreet Ratings rates Jo-Ann Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Jo-Ann Stores Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.