NEW YORK ( TheStreet) -- Companhia de Bebidas das Americas Ambev (NYSE: ABV) hit a new 52-week high Thursday as it is currently trading at $40.67, above its previous 52-week high of $40.66 with 768,508 shares traded as of 11:50 a.m. ET. Average volume has been 2.3 million shares over the past 30 days. Companhia de Bebidas das Americas Ambev has a market cap of $115.42 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 8.4% year to date as of the close of trading on Wednesday. Companhia de Bebidas das Americas Ambev engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt, and other non-alcoholic and non-carbonated products in the Americas. It also sells bottled water, isotonics, and ready-to-drink teas. The company has a P/E ratio of 103.6, above the average food & beverage industry P/E ratio of 23.7 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Companhia de Bebidas das Americas Ambev as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins, solid stock price performance 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 Companhia de Bebidas das Americas Ambev Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.