Chesapeake Stock Hits New 52-Week High (CHSP)

NEW YORK ( TheStreet) -- Chesapeake Lodging (NYSE: CHSP) hit a new 52-week high Monday as it is currently trading at $18.31, above its previous 52-week high of $18.25 with 68,428 shares traded as of 3:25 p.m. ET. Average volume has been 127,800 shares over the past 30 days.

Chesapeake has a market cap of $550 million and is part of the financial sector and real estate industry. Shares are up 13.8% year to date as of the close of trading on Friday.

No company description available. The company has a P/E ratio of 58.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chesapeake as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Chesapeake Ratings Report.

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