NEW YORK ( TheStreet) -- Old Dominion Freight Lines (Nasdaq: ODFL) hit a new 52-week high Tuesday as it is currently trading at $40.20, above its previous 52-week high of $40.12 with 45,712 shares traded as of 10:15 a.m. ET. Average volume has been 428,900 shares over the past 30 days.

Old Dominion Freight Lines has a market cap of $2.29 billion and is part of the services sector and transportation industry. Shares are up 24.9% year to date as of the close of trading on Monday.

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier primarily in the United States. The company provides regional, inter-regional, and national LTL services. The company has a P/E ratio of 18.7, below the average transportation industry P/E ratio of 18.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Old Dominion Freight Lines as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Old Dominion Freight Lines Ratings Report.

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