NEW YORK ( TheStreet) -- RailAmerica (NYSE: RA) hit a new 52-week high Friday as it is currently trading at $22.92, above its previous 52-week high of $22.89 with 28,438 shares traded as of 10 a.m. ET. Average volume has been 218,800 shares over the past 30 days. RailAmerica has a market cap of $1.1 billion and is part of the services sector and transportation industry. Shares are up 47.1% year to date as of the close of trading on Thursday. 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 31.3, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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