NEW YORK (

TheStreet

) --

IAC/InterActiveCorp

(Nasdaq:

IACI

) hit a new 52-week high Friday as it is currently trading at $35.76, above its previous 52-week high of $35.09 with 185,035 shares traded as of 10:06 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

IAC/InterActiveCorp has a market cap of $2.9 billion and is part of the

services

sector and

retail

industry. Shares are up 22% year to date as of the close of trading on Thursday.

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IAC/InterActiveCorp engages in the Internet business in the United States and internationally. The company operates in four segments: Search, Match, ServiceMagic, and Media and Other. The company has a P/E ratio of 111.3, above the S&P 500 P/E ratio of 17.

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TheStreet Ratings rates IAC/InterActiveCorp as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

IAC/InterActiveCorp Ratings Report

.

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