Ryanair Stock Hits New 52-Week High (RYAAY)

NEW YORK ( TheStreet) -- Ryanair Holdings (Nasdaq: RYAAY) hit a new 52-week high Thursday as it is currently trading at $32.44, above its previous 52-week high of $31.54 with 24,522 shares traded as of 9:30 a.m. ET. Average volume has been 307,000 shares over the past 30 days.

Ryanair has a market cap of $9.03 billion and is part of the services sector and transportation industry. Shares are up 11.8% year to date as of the close of trading on Wednesday.

Ryanair Holdings plc, together with its subsidiaries, provides passenger airline services in Ireland, the United Kingdom, continental Europe, and Morocco. The company has a P/E ratio of 17.2, above the average transportation industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ryanair as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, expanding profit margins, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Ryanair Ratings Report.

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