NEW YORK ( TheStreet) -- Treehouse Foods (NYSE: THS) hit a new 52-week high Thursday as it is currently trading at $63.22, above its previous 52-week high of $63.15 with 39,417 shares traded as of 10:16 a.m. ET. Average volume has been 346,300 shares over the past 30 days.

Treehouse has a market cap of $2.2 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 20.6% year to date as of the close of trading on Wednesday.

TreeHouse Foods, Inc. operates as a food manufacturing company servicing primarily the retail grocery and foodservice distribution channels in the United States and Canada. The company has a P/E ratio of 26.3, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Treehouse as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Treehouse Ratings Report.

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