NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $402.20, above its previous 52-week high of $401.79 with 141,604 shares traded as of 9:50 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.
MasterCard has a market cap of $41.59 billion and is part of the
industry. Shares are up 7.2% year to date as of the close of trading on Tuesday.
MasterCard Incorporated, together with its subsidiaries, provides transaction processing and related services to customers principally in support of their credit, deposit access, electronic cash and automated teller machine payment card programs, and travelers' cheque programs. The company has a P/E ratio of 26.7, above the average diversified services industry P/E ratio of 19.2 and above the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
TheStreet Ratings rates MasterCard as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
52-week high stocks
or get investment ideas from our