NEW YORK ( TheStreet) -- Treehouse Foods (NYSE: THS) hit a new 52-week high Wednesday as it is currently trading at $64.50, above its previous 52-week high of $64.45 with 31,314 shares traded as of 10:13 a.m. ET. Average volume has been 280,200 shares over the past 30 days.

Treehouse has a market cap of $2.18 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 23.2% year to date as of the close of trading on Tuesday.

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 25, above the average food & beverage industry P/E ratio of 24.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Treehouse as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Treehouse Ratings Report.

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