NEW YORK ( TheStreet) -- Lancaster Colony Corporation (Nasdaq: LANC) hit a new 52-week high Monday as it traded at $61.63 compared with its previous 52-Week high of $61.60. Lancaster Colony is changing hands at $61.63 with 1,076 shares traded as of 9:32 a.m. ET. Average volume has been 111,800 shares over the past 30 days.

Lancaster Colony has a market cap of $1.7 billion and is part of the consumer goods sector and food & beverage industry.

Lancaster Colony Corporation engages in the manufacture and marketing of consumer products in the United States. The company operates in two segments: Specialty Foods, and Glassware and Candles.
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TheStreet Ratings rates Lancaster Colony 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, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Lancaster Colony Ratings Report.

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