HJ Heinz Company (NYSE:HNZ) hit a new 52-week high Friday as it is currently trading at $58.99, above its previous 52-week high of $58.98 with 356,861 shares traded as of 10:56 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- HJ Heinz Company (NYSE: HNZ) hit a new 52-week high Friday as it is currently trading at $58.99, above its previous 52-week high of $58.98 with 356,861 shares traded as of 10:56 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. HJ Heinz has a market cap of $18.81 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 8.5% year to date as of the close of trading on Thursday. H. J. Heinz Company, together with its subsidiaries, manufactures and markets food products for consumers, and foodservice and institutional customers in North America, Europe, the Asia Pacific, and internationally. The company has a P/E ratio of 18.4, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates HJ Heinz as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, reasonable valuation levels, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full HJ Heinz Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.