NEW YORK ( TheStreet) -- Delhaize Group (NYSE: DEG) hit a new 52-week high Tuesday as it is currently trading at $86.84, above its previous 52-week high of $86.76 with 9,190 shares traded as of 10:20 a.m. ET. Average volume has been 29,500 shares over the past 30 days.

Delhaize Group has a market cap of $8.6 billion and is part of the services sector and retail industry. Shares are up 15.1% year to date as of the close of trading on Monday.

Etablissements Delhaize Freres Et Cie Le Lion S.A. (Delhaize Group), together with its subsidiaries, operates food supermarkets in North America, Europe, and southeast Asia. The company has a P/E ratio of 13.7, above the average retail industry P/E ratio of 11.2 and below the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates Delhaize Group as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in net income, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Delhaize Group Ratings Report.

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