NEW YORK (

TheStreet

) --

IAC/InterActiveCorp

(Nasdaq:

IACI

) hit a new 52-week high Thursday as it is currently trading at $52.89, above its previous 52-week high of $52.78 with 740,822 shares traded as of 2:30 p.m. ET. Average volume has been one million shares over the past 30 days.

IAC/InterActiveCorp has a market cap of $3.67 billion and is part of the

services

sector and

retail

industry. Shares are up 20.1% year to date as of the close of trading on Wednesday.

IAC/InterActiveCorp engages in the Internet business in the United States and internationally. The company has a P/E ratio of 23.9, below the average retail industry P/E ratio of 24.3 and above the S&P 500 P/E ratio of 17.7.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

TheStreet Ratings rates IAC/InterActiveCorp as a

buy

. 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 compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

IAC/InterActiveCorp Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null