Scholastic Reaches New 52-Week High (SCHL)

NEW YORK ( TheStreet) -- Scholastic Corporation (Nasdaq: SCHL) hit a new 52-week high Wednesday as it is currently trading at $32.13, above its previous 52-week high of $32 with 16,111 shares traded as of 10:09 a.m. ET. Average volume has been 180,400 shares over the past 30 days.

Scholastic has a market cap of $839.3 million and is part of the services sector and media industry. Shares are up 6.4% year to date as of the close of trading on Tuesday.

Scholastic Corporation, together with its subsidiaries, operates as a children's publishing, education, and media company primarily in the United States. The company has a P/E ratio of 16.5, below the average media industry P/E ratio of 17.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Scholastic as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Scholastic Ratings Report.

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