NEW YORK (
) hit a new 52-week high Tuesday as it is currently trading at $53.82, above its previous 52-week high of $53.67 with 87,197 shares traded as of 10:59 a.m. ET. Average volume has been 711,700 shares over the past 30 days.
Global Payments has a market cap of $3.8 billion and is part of the
industry. Shares are up 12.8% year to date as of the close of trading on Monday.
Global Payments Inc. provides electronic transaction processing services for merchants, independent sales organizations (ISO), financial institutions, government agencies, and multi-national corporations located in the United States, Canada, Europe, and the Asia-Pacific region. The company has a P/E ratio of 18.2, above the average diversified services industry P/E ratio of 16.8 and above the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
TheStreet Ratings rates Global Payments as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and good cash flow from operations. 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
52-week high stocks
or get investment ideas from our