Kroger Reaches New 52-Week High (KR)

NEW YORK ( TheStreet) -- Kroger (NYSE: KR) hit a new 52-week high Tuesday as it is currently trading at $35.71, above its previous 52-week high of $35.64 with 1.5 million shares traded as of 10:40 a.m. ET. Average volume has been four million shares over the past 30 days.

Kroger has a market cap of $17.96 billion and is part of the services sector and retail industry. Shares are up 32.7% year to date as of the close of trading on Monday.

The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. The company also manufactures and processes food for sale in its supermarkets. It operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Kroger as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and compelling growth in net income. 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 Kroger Ratings Report.

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