Kirby Reaches New 52-Week High (KEX)

NEW YORK ( TheStreet) -- Kirby (NYSE: KEX) hit a new 52-week high Tuesday as it is currently trading at $66.77, above its previous 52-week high of $66.36 with 310,526 shares traded as of 11:05 a.m. ET. Average volume has been 389,200 shares over the past 30 days.

Kirby has a market cap of $3.67 billion and is part of the services sector and transportation industry. Shares are up 49.5% year to date as of the close of trading on Friday.

Kirby Corporation, through its subsidiaries, provides marine transportation and diesel engine services in the United States. The company operates in two segments, Marine Transportation and Diesel Engine Services. The company has a P/E ratio of 22.5, below the average transportation industry P/E ratio of 22.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kirby as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Kirby Ratings Report.

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