Andersons Reaches New 52-Week High (ANDE)

NEW YORK ( TheStreet) -- Andersons (Nasdaq: ANDE) hit a new 52-week high Tuesday as it is currently trading at $50.05, above its previous 52-week high of $49.99 with 71,232 shares traded as of 1:39 p.m. ET. Average volume has been 165,600 shares over the past 30 days.

Andersons has a market cap of $898.3 million and is part of the consumer goods sector and food & beverage industry. Shares are up 10.8% year to date as of the close of trading on Monday.

The Andersons, Inc. engages in the grain, ethanol, plant nutrient, railcar leasing and repair, turf products production, and general merchandise retailing businesses. It operates in six segments: Grain, Ethanol, Rail, Plant Nutrient, Turf & Specialty, and Retail. The company has a P/E ratio of 9.2, below the average food & beverage industry P/E ratio of 9.5 and below the S&P 500 P/E ratio of 17.7.

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

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