Ingredion (NYSE:INGR) hit a new 52-week high Thursday as it is currently trading at $74.24, above its previous 52-week high of $73.99 with 81,459 shares traded as of 11:42 a.m. ET. Average volume has been 593,800 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) -- Ingredion (NYSE: INGR) hit a new 52-week high Thursday as it is currently trading at $74.24, above its previous 52-week high of $73.99 with 81,459 shares traded as of 11:42 a.m. ET. Average volume has been 593,800 shares over the past 30 days. Ingredion has a market cap of $5.64 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 14.2% year to date as of the close of trading on Wednesday. Ingredion Incorporated, together with its subsidiaries, manufactures and sells starch and sweetener ingredients in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Ingredion as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Ingredion Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.