NEW YORK ( TheStreet) -- Casey's General Stores (Nasdaq: CASY) hit a new 52-week high Wednesday as it is currently trading at $53.12, above its previous 52-week high of $52.87 with 175,746 shares traded as of 3:50 p.m. ET. Average volume has been 287,700 shares over the past 30 days.

Casey's General Stores has a market cap of $1.93 billion and is part of the services sector and retail industry. Shares are up 19.1% year to date as of the close of trading on Tuesday.

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's General Store, HandiMart, and Just Diesel names in 11 Midwestern states, primarily Iowa, Missouri, and Illinois. The company has a P/E ratio of 20.1, below the average retail industry P/E ratio of 20.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Casey's General Stores as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and growth in earnings per share. 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 Casey's General Stores Ratings Report.

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