NEW YORK ( TheStreet) -- RailAmerica (NYSE: RA) hit a new 52-week high Wednesday as it is currently trading at $24.02, above its previous 52-week high of $23.90 with 750,703 shares traded as of 3:25 p.m. ET. Average volume has been 187,900 shares over the past 30 days. RailAmerica has a market cap of $1.09 billion and is part of the services sector and transportation industry. Shares are up 48.6% year to date as of the close of trading on Tuesday. RailAmerica, Inc. engages in the ownership and operation of short line and regional freight railroads in North America.
TheStreet Ratings rates RailAmerica as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. 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.