NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $74.85, above its previous 52-week high of $74.67 with 190,394 shares traded as of 12:59 p.m. ET. Average volume has been 293,000 shares over the past 30 days.
ITC has a market cap of $3.7 billion and is part of the
industry. Shares are up 18.1% year to date as of the close of trading on Tuesday.
ITC Holdings Corp., through its subsidiaries, engages in the transmission of electricity in the United States. The company has a P/E ratio of 23, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates ITC as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full
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