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.
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. See all 52-week high stocks or get investment ideas from our investment research center.