NEW YORK ( TheStreet) -- G & K Services (Nasdaq: GKSR) hit a new 52-week high Wednesday as it is currently trading at $37.79, above its previous 52-week high of $36.54 with 10,278 shares traded as of 9:35 a.m. ET. Average volume has been 78,400 shares over the past 30 days. G & K Services has a market cap of $645 million and is part of the services sector and diversified services industry. Shares are up 19.2% year to date as of the close of trading on Tuesday. G&K Services, Inc. provides branded uniform and facility services programs in the United States and Canada. The company has a P/E ratio of 19.5, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates G & K Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full G & K Services Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.