Snyders-Lance Reaches New 52-Week High (LNCE)

NEW YORK ( TheStreet) -- Snyders-Lance (Nasdaq: LNCE) hit a new 52-week high Monday as it is currently trading at $26.39, above its previous 52-week high of $26.38 with 59,383 shares traded as of 12:50 p.m. ET. Average volume has been 217,300 shares over the past 30 days.

Snyders-Lance has a market cap of $1.77 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 16.8% year to date as of the close of trading on Friday.

Snyder's-Lance, Inc. manufactures, markets, and distributes snack food products primarily in the United States. Its products include pretzels, sandwich crackers, kettle chips, cookies, potato chips, tortilla chips, other salty snacks, sugar wafers, nuts, and restaurant style crackers. The company has a P/E ratio of 42.7, below the average food & beverage industry P/E ratio of 46.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Snyders-Lance as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Snyders-Lance Ratings Report.

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