Alaska Air Group Reaches New 52-Week High (ALK)

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) -- Alaska Air Group (NYSE: ALK) hit a new 52-week high Thursday as it is currently trading at $63.89, above its previous 52-week high of $63.62 with 33,652 shares traded as of 9:35 a.m. ET. Average volume has been 725,200 shares over the past 30 days.

Alaska Air Group has a market cap of $4.42 billion and is part of the services sector and transportation industry. Shares are up 46.9% year to date as of the close of trading on Wednesday.

Alaska Air Group, Inc., through its subsidiaries, provides scheduled air transportation for passengers and cargo. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Alaska Air Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Alaska Air Group Ratings Report.

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