NEW YORK ( TheStreet) -- Advance Auto Parts Inc (NYSE: AAP) hit a new 52-week high Wednesday as it is currently trading at $61.46, above its previous 52-week high of $51.28 with 5,415 shares traded as of 9:34 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Advance Auto Parts has a market cap of $4.4 billion and is part of the services sector and retail industry. Shares are down 9.9% year to date as of the close of trading on Tuesday.

Advance Auto Parts, Inc., through its subsidiaries, operates as a retailer of automotive aftermarket parts, accessories, batteries, and maintenance items. It operates in two segments, Advance Auto Parts (AAP) and Autopart International (AI). The company has a P/E ratio of 13.8, above the average retail industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Advance Auto Parts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Advance Auto Parts Ratings Report.

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