NEW YORK (

TheStreet

) --

Basic Sanitation Company of the State of Sa

(NYSE:

SBS

) hit a new 52-week high Friday as it is currently trading at $60.67, above its previous 52-week high of $60.63 with 35,589 shares traded as of 10:22 a.m. ET. Average volume has been 283,500 shares over the past 30 days.

Basic Sanitation Company of the State of Sa has a market cap of $6.8 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 14.3% year to date as of the close of trading on Thursday.

Companhia de Saneamento Basico do Estado de Sao Paulo provides basic and environmental sanitation services and sewage treatment services, as well as supplies treated water in the state of Sao Paulo. The company has a P/E ratio of 12.9, above the average utilities industry P/E ratio of seven and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Basic Sanitation Company of the State of Sa as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Basic Sanitation Company of the State of Sa Ratings Report

.

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