3. As of noon trading, Safeway ( SWY) is down $0.61 (-2.4%) to $24.54 on light volume Thus far, 2.2 million shares of Safeway exchanged hands as compared to its average daily volume of 6.5 million shares. The stock has ranged in price between $24.39-$25.19 after having opened the day at $25.17 as compared to the previous trading day's close of $25.15. Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. Safeway has a market cap of $6.0 billion and is part of the services sector. The company has a P/E ratio of 10.2, below the S&P 500 P/E ratio of 17.7. Shares are up 39.0% year to date as of the close of trading on Friday. TheStreet Ratings rates Safeway as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Safeway Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.