Archer-Daniels Midland Reaches New 52-Week High (ADM)

NEW YORK ( TheStreet) -- Archer-Daniels Midland Company (NYSE: ADM) hit a new 52-week high Tuesday as it is currently trading at $35.85, above its previous 52-week high of $35.40 with 1.5 million shares traded as of 11:45 a.m. ET. Average volume has been 3.9 million shares over the past 30 days.

Archer-Daniels Midland has a market cap of $22.99 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 29.1% year to date as of the close of trading on Monday.

Archer-Daniels-Midland Company manufactures and sells protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients; and processes oilseeds, corn, wheat, cocoa, and other agricultural commodities.

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TheStreet Ratings rates Archer-Daniels Midland as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, attractive valuation levels, 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 has had somewhat disappointing return on equity. You can view the full Archer-Daniels Midland Ratings Report.

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