Sanderson Farms Stock Hits New 52-Week High (SAFM)

NEW YORK ( TheStreet) -- Sanderson Farms (Nasdaq: SAFM) hit a new 52-week high Friday as it is currently trading at $53.23, above its previous 52-week high of $53.22 with 249,728 shares traded as of 3:15 p.m. ET. Average volume has been 330,400 shares over the past 30 days.

Sanderson Farms has a market cap of $1.18 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 1.4% year to date as of the close of trading on Thursday.

Sanderson Farms, Inc., an integrated poultry processing company, engages in the production, processing, marketing, and distribution of fresh, frozen, and prepared chicken products in the United States.

TheStreet Ratings rates Sanderson Farms as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. You can view the full Sanderson Farms Ratings Report.

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