NEW YORK ( TheStreet) -- Universal Corporation (NYSE: UVV) hit a new 52-week high Wednesday as it is currently trading at $45.97, above its previous 52-week high of $45.96 with 45,218 shares traded as of 10:47 a.m. ET. Average volume has been 268,200 shares over the past 30 days.

Universal has a market cap of $1 billion and is part of the consumer goods sector and tobacco industry. Shares are up 10.1% year to date as of the close of trading on Tuesday.

Universal Corporation, through its subsidiaries, operates as a leaf tobacco merchant and processor primarily in North America, South America, Africa, Europe, and Asia. The company has a P/E ratio of 16, equal to the average tobacco industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Universal as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Universal Ratings Report.

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