UniFirst Reaches New 52-Week High (UNF)

NEW YORK ( TheStreet) -- UniFirst Corporation (NYSE: UNF) hit a new 52-week high Thursday as it is currently trading at $61.84, above its previous 52-week high of $61.64 with 11,951 shares traded as of 11:20 a.m. ET. Average volume has been 59,800 shares over the past 30 days.

UniFirst has a market cap of $912.6 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 8.1% year to date as of the close of trading on Wednesday.

UniFirst Corporation, together with its subsidiaries, provides workplace uniforms and protective work wear clothing in the United States, Canada, and Europe. The company has a P/E ratio of 15.5, above the average consumer non-durables industry P/E ratio of 15.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates UniFirst as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full UniFirst Ratings Report.

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