Ryanair Reaches New 52-Week High (RYAAY)

NEW YORK ( TheStreet) -- Ryanair Holdings (Nasdaq: RYAAY) hit a new 52-week high Friday as it is currently trading at $34.53, above its previous 52-week high of $34.46 with 39,345 shares traded as of 10:02 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 23% year to date as of the close of trading on Thursday.

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 19.2, above the average transportation industry P/E ratio of 13.7 and above 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 revenue growth, notable return on equity, expanding profit margins, solid stock price performance and impressive record of earnings per share growth. 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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