Lorillard Stock Hits New 52-Week High (LO)

NEW YORK ( TheStreet) -- Lorillard (NYSE: LO) hit a new 52-week high Wednesday as it is currently trading at $53.07, above its previous 52-week high of $53.06 with 129,392 shares traded as of 9:50 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

Lorillard has a market cap of $19.52 billion and is part of the consumer goods sector and tobacco industry. Shares are up 36% year to date as of the close of trading on Tuesday.

Lorillard, Inc. manufactures and sells cigarettes in the United States. The company operates through two segments, Cigarettes and Electronic Cigarettes. The Cigarettes segment manufactures and sells cigarettes. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lorillard as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Lorillard Ratings Report.

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