NEW YORK ( TheStreet) -- Ruddick Corporation (NYSE: RDK) hit a new 52-week high Wednesday as it traded at $40.04 compared with its previous 52-Week high of $39.99. Ruddick is changing hands at $39.59 with 59,812 shares traded as of 11:06 a.m. ET. Average volume has been 268,900 shares over the past 30 days.

Ruddick has a market cap of $1.9 billion and is part of the services sector and retail industry. Shares are up 8% year to date as of the close of trading on Tuesday.

Ruddick Corporation, through its subsidiaries, operates a regional chain of supermarkets in the southeastern and mid-Atlantic United States. The company has a P/E ratio of 15, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 16.8.
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TheStreet Ratings rates Ruddick as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Ruddick Ratings Report.

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