NEW YORK ( TheStreet) -- Lancaster Colony Corporation (Nasdaq: LANC) hit a new 52-week high Monday as it is currently trading at $65, above its previous 52-week high of $64.99 with 34,980 shares traded as of 12:10 p.m. ET. Average volume has been 119,500 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 12.1% year to date as of the close of trading on Friday.

Lancaster Colony Corporation engages in the manufacture and marketing of consumer products focusing primarily on specialty foods for the retail and foodservice markets in the United States. The company operates in two segments, Specialty Foods, and Glassware and Candles. The company has a P/E ratio of 16.5, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Lancaster Colony as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Lancaster Colony Ratings Report.

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