NEW YORK ( TheStreet) -- Scholastic Corporation (Nasdaq: SCHL) hit a new 52-week high Tuesday as it traded at $31.99 compared with its previous 52-Week high of $31.97. Scholastic is changing hands at $31.31 with 1,776 shares traded as of 9:30 a.m. ET. Average volume has been 146,100 shares over the past 30 days.

Scholastic has a market cap of $883.9 million and is part of the services sector and media industry. Shares are up 7.1% year to date as of the close of trading on Monday.

Scholastic Corporation, together with its subsidiaries, publishes and distributes children's books, as well as the develops educational technology products in the United States and internationally. The company has a P/E ratio of 15.9, below the average media industry P/E ratio of 16.8 and above the S&P 500 P/E ratio of 15.8.
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TheStreet Ratings rates Scholastic as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Scholastic Ratings Report.

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