Reynolds American Reaches New 52-Week High (RAI)

NEW YORK ( TheStreet) -- Reynolds American (NYSE: RAI) hit a new 52-week high Tuesday as it is currently trading at $52.17, above its previous 52-week high of $51.76 with 352,089 shares traded as of 10:50 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Reynolds American has a market cap of $28.09 billion and is part of the consumer goods sector and tobacco industry. Shares are up 23.9% year to date as of the close of trading on Monday.

Reynolds American Inc., through its subsidiaries, manufactures and sells cigarette and other tobacco products in the United States. The company operates through RJR Tobacco, American Snuff, and Santa Fe segments.

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TheStreet Ratings rates Reynolds American as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Reynolds American Ratings Report.

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