South Jersey Stock Hits New 52-Week High (SJI)

NEW YORK ( TheStreet) -- South Jersey Industries (NYSE: SJI) hit a new 52-week high Tuesday as it traded at $57.32 compared with its previous 52-Week high of $57.29. South Jersey is changing hands at $57.30 with 35,959 shares traded as of 11:05 a.m. ET. Average volume has been 85,000 shares over the past 30 days.

South Jersey has a market cap of $1.7 billion and is part of the utilities sector and utilities industry. Shares are up 7.7% year to date as of the close of trading on Monday.

South Jersey Industries, Inc., through its subsidiaries, engages in the purchase, transmission, and sale of natural gas for residential, commercial, and industrial customers. The company has a P/E ratio of 25, below the average utilities industry P/E ratio of 25.4 and above the S&P 500 P/E ratio of 16.8.
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TheStreet Ratings rates South Jersey as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full South Jersey Ratings Report.

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