NEW YORK ( TheStreet) -- Lancaster Colony Corporation (Nasdaq: LANC) hit a new 52-week high Friday as it is currently trading at $62.72, above its previous 52-week high of $62.61 with 20,428 shares traded as of 10:11 a.m. ET. Average volume has been 108,200 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. Shares are up 8.8% year to date as of the close of trading on Thursday.

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. The company has a P/E ratio of 16.6, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 16.4.
  • Practice your LANC trading strategies and win cash in our stock game.

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.

See all 52-week high stocks or get investment ideas from our investment research center.

If you liked this article you might like

Thirsty for Dividends and Hungry for Rising Payouts? Feast on These Names

20 Mid-Cap Dividend Growers Are Blips on My Tracking Radar

Lancaster Colony (LANC) Showing Signs Of Being Strong And Under The Radar

3 Stocks With Upcoming Ex-Dividend Dates: CIK, LANC, CNI

New Lifetime High Today: Lancaster Colony (LANC)