Safeway Stock Hits New 52-Week High (SWY)

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) -- Safeway (NYSE: SWY) hit a new 52-week high Friday as it is currently trading at $25.69, above its previous 52-week high of $25.66 with 566,146 shares traded as of 10:20 a.m. ET. Average volume has been 6.2 million shares over the past 30 days.

Safeway has a market cap of $6.05 billion and is part of the services sector and retail industry.

Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America.

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TheStreet Ratings rates Safeway as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, revenue growth and notable return on equity. 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 Safeway Ratings Report.

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