NEW YORK ( TheStreet) -- Sanderson Farms (Nasdaq: SAFM) hit a new 52-week high Friday as it is currently trading at $49.49, above its previous 52-week high of $49.47 with 238,048 shares traded as of 3:30 p.m. ET. Average volume has been 389,300 shares over the past 30 days.

Sanderson Farms has a market cap of $1.1 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 21.7% year to date as of the close of trading on Thursday.

Sanderson Farms, Inc., an integrated poultry processing company, engages in the production, processing, marketing, and distribution of fresh, frozen, processed, and prepared chicken products.
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TheStreet Ratings rates Sanderson Farms as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Sanderson Farms Ratings Report.

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