NEW YORK ( TheStreet) -- Casey's General Stores (Nasdaq: CASY) hit a new 52-week high Friday as it is currently trading at $54.37, above its previous 52-week high of $54.22 with 28,010 shares traded as of 10:45 a.m. ET. Average volume has been 227,800 shares over the past 30 days.

Casey's General Stores has a market cap of $2 billion and is part of the services sector and retail industry. Shares are up 4.3% year to date as of the close of trading on Thursday.

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's General Store, HandiMart, and Just Diesel names in 11 Midwestern states, primarily Iowa, Missouri, and Illinois. The company has a P/E ratio of 17.6, below the average retail industry P/E ratio of 17.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Casey's General Stores as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, solid stock price performance, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Casey's General Stores Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.