Forward Air Reaches New 52-Week High (FWRD)

NEW YORK ( TheStreet) -- Forward Air Corporation (Nasdaq: FWRD) hit a new 52-week high Friday as it is currently trading at $36.74, above its previous 52-week high of $36.49 with 22,078 shares traded as of 10:39 a.m. ET. Average volume has been 145,700 shares over the past 30 days.

Forward Air has a market cap of $984.3 million and is part of the services sector and transportation industry. Shares are up 11% year to date as of the close of trading on Thursday.

Forward Air Corporation, together with its subsidiaries, provides surface transportation and related logistics services to the North American deferred air freight market. The company operates in two segments, Forward Air, Inc. (Forward Air) and Forward Air Solutions, Inc. (FASI). The company has a P/E ratio of 23.5, above 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 Forward Air 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Forward Air Ratings Report.

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