NEW YORK (

TheStreet

) --

ITC Holdings Corporation

(NYSE:

ITC

) hit a new 52-week high Monday as it traded at $68.36 compared with its previous 52-Week high of $68.26. ITC is changing hands at $68.35 with 35,517 shares traded as of 10 a.m. ET. Average volume has been 193,800 shares over the past 30 days.

ITC has a market cap of $3.4 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 9.3% year to date as of the close of trading on Friday.

ITC Holdings Corp., through its subsidiaries, engages in the transmission of electricity in the United States. The company has a P/E ratio of 23.8, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates ITC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, good cash flow from operations and expanding profit margins. 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

ITC Ratings Report

.

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