IntercontinentalExchange Stock Hits New 52-Week High (ICE)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Thursday as it is currently trading at $135.84, above its previous 52-week high of $135.38 with 290,704 shares traded as of 12:25 p.m. ET. Average volume has been 714,700 shares over the past 30 days.
IntercontinentalExchange has a market cap of $8.64 billion and is part of the
sector and
industry. Shares are up 10.5% year to date as of the close of trading on Wednesday.
IntercontinentalExchange, Inc. operates regulated exchanges, clearing houses, and over-the-counter (OTC) markets for agricultural, credit, currency, emissions, energy, and equity index contracts. The company has a P/E ratio of 22.6, above the average financial services industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates IntercontinentalExchange as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full
IntercontinentalExchange Ratings Report
.
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