NEW YORK (

TheStreet

) --

IAC/InterActiveCorp

(Nasdaq:

IACI

) hit a new 52-week high Wednesday as it is currently trading at $45, above its previous 52-week high of $43.89 with 454,235 shares traded as of 9:40 a.m. ET. Average volume has been 961,100 shares over the past 30 days.

IAC/InterActiveCorp has a market cap of $3.25 billion and is part of the

services

sector and

retail

industry. Shares are up 1.2% year to date as of the close of trading on Tuesday.

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 37.5, above the average retail industry P/E ratio of 36.1 and above the S&P 500 P/E ratio of 17.7.

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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 good cash flow from operations. 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

.

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