NEW YORK (

TheStreet

) --

Global Payments

(NYSE:

GPN

) hit a new 52-week high Thursday as it is currently trading at $53, above its previous 52-week high of $52.72 with 17,530 shares traded as of 9:41 a.m. ET. Average volume has been 452,200 shares over the past 30 days.

Global Payments has a market cap of $4.2 billion and is part of the

services

sector and

diversified services

industry. Shares are up 14% year to date as of the close of trading on Wednesday.

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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 21.2, below the average diversified services industry P/E ratio of 22.6 and above the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates Global Payments 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, good cash flow from operations, growth in earnings per share 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

Global Payments Ratings Report

.

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