Snyders-Lance Stock Hits New 52-Week High (LNCE)

NEW YORK ( TheStreet) -- Snyders-Lance (Nasdaq: LNCE) hit a new 52-week high Wednesday as it is currently trading at $23.97, above its previous 52-week high of $23.96 with 24,380 shares traded as of 10:15 a.m. ET. Average volume has been 200,200 shares over the past 30 days.

Snyders-Lance has a market cap of $1.54 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 5.7% year to date as of the close of trading on Tuesday.

Snyder's-Lance, Inc. manufactures, markets, and distributes snack food products primarily in the United States. Its products include pretzels, sandwich crackers, kettle chips, cookies, potato chips, tortilla chips, other salty snacks, sugar wafers, nuts, and restaurant style crackers. The company has a P/E ratio of 41.4, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Snyders-Lance as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Snyders-Lance Ratings Report.

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

null

More from Markets

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Automakers Slump as Trump Launches National Security Probe into US Car Imports