Snyders-Lance Stock Hits New 52-Week High (LNCE)

NEW YORK ( TheStreet) -- Snyders-Lance (Nasdaq: LNCE) hit a new 52-week high Wednesday as it is currently trading at $23.25, above its previous 52-week high of $23.24 with 132,680 shares traded as of 12:47 p.m. ET. Average volume has been 200,200 shares over the past 30 days.

Snyders-Lance has a market cap of $1.54 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 2.1% year to date as of the close of trading on Tuesday.

Snyder's-Lance, Inc. manufactures, markets, and distributes snack foods in the United States and Canada. Its products include pretzels, sandwich crackers, kettle chips, cookies, potato chips, tortilla chips, sugar wafers, nuts, restaurant style crackers, candies, and other salty snacks.

TheStreet Ratings rates Snyders-Lance as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Snyders-Lance Ratings Report.

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