NEW YORK ( TheStreet) -- Smart Balance (Nasdaq: SMBL) hit a new 52-week high Friday as it is currently trading at $9.11, above its previous 52-week high of $9 with 451,042 shares traded as of 10:35 a.m. ET. Average volume has been 394,400 shares over the past 30 days. Smart Balance has a market cap of $517.5 million and is part of the consumer goods sector and food & beverage industry. Shares are up 66.2% year to date as of the close of trading on Thursday. Smart Balance, Inc., a consumer food products company, engages in the marketing of functional food products primarily in the United States and Canada. The company has a P/E ratio of 54.9, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Smart Balance as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, solid stock price performance, expanding profit margins and notable return on equity. 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 Smart Balance Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.