NEW YORK ( TheStreet) -- Textainer Group Holdings (NYSE: TGH) hit a new 52-week high Thursday as it is currently trading at $35.83, above its previous 52-week high of $35.75 with 10,966 shares traded as of 9:54 a.m. ET. Average volume has been 149,300 shares over the past 30 days. Textainer Group has a market cap of $1.75 billion and is part of the services sector and diversified services industry. Shares are up 22% year to date as of the close of trading on Wednesday. Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and resale of a fleet of marine cargo containers worldwide. The company has a P/E ratio of 9.3, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Textainer Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Textainer Group Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.