NEW YORK ( TheStreet) -- Reynolds American (NYSE: RAI) hit a new 52-week high Thursday as it is currently trading at $42.21, above its previous 52-week high of $42.18 with 1.2 million shares traded as of 2:15 p.m. ET. Average volume has been 2.9 million shares over the past 30 days. Reynolds American has a market cap of $23.15 billion and is part of the consumer goods sector and tobacco industry. Shares are up 1.2% year to date as of the close of trading on Wednesday. Reynolds American Inc., through its subsidiaries, manufactures and sells cigarette and other tobacco products in the United States. The company has a P/E ratio of 17.3, below the average tobacco industry P/E ratio of 17.5 and below the S&P 500 P/E ratio of 17.7.
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