RailAmerica Rises On Unusually High Volume (RA)

NEW YORK ( TheStreet) -- RailAmerica (NYSE: RA) is trading at unusually high volume Thursday with 462,683 shares changing hands. It is currently at four times its average daily volume and trading up 99 cents (+4.8%) at $21.76 as of 12:34 p.m. ET.

RailAmerica has a market cap of $788.4 million and is part of the services sector and transportation industry. Shares are up 39.6% year to date as of the close of trading on Wednesday.

RailAmerica, Inc. engages in the ownership and operation of short line and regional freight railroads in North America. The company has a P/E ratio of 30.6, above the average transportation industry P/E ratio of 20.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates RailAmerica as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full RailAmerica Ratings Report.

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