Scripps Networks Interactive stock appears ready to end the trading week with a new 52-week high.
The Knoxville based lifestyle media company has been its share price move steadily higher in recent weeks and is trading over $62 today.
The company’s share price started the year around $43.
Scripps Networks portfolio of cable television networks and related websites includes HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and country music network Great American Country.
When Scripps hit a 52-week high earlier this week, The Street Ratings said this about the company:
“TheStreet Ratings rates Scripps Networks Interactive as a buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Click here for more from The Street Ratings.