Ruddick Reaches New 52-Week High (RDK)

NEW YORK ( TheStreet) -- Ruddick Corporation (NYSE: RDK) hit a new 52-week high Tuesday as it is currently trading at $42, above its previous 52-week high of $41.99 with 109,561 shares traded as of 2:44 p.m. ET. Average volume has been 217,200 shares over the past 30 days.

Ruddick has a market cap of $2 billion and is part of the services sector and retail industry. Shares are up 12.1% year to date as of the previous trading day's close.

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 15.6, below the average retail industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 16.2.
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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, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. 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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